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ARTICLE · 13 OCTOBER 2011

Preparing For FINRA Operations Professional Registration

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On October 17, 2011, FINRA Rule 1230(b)(6) (the "Rule") becomes effective, establishing Operations Professional registration for FINRA member firms.

United StatesFinance and Banking
Charles Gittleman
Charles Gittleman
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On October 17, 2011, FINRA Rule 1230(b)(6) (the "Rule") becomes effective, establishing Operations Professional registration for FINRA member firms.1 Under this new registration requirement, any person currently (i) exercising specifically defined supervisory or management responsibilities with respect to (ii) an enumerated list of back- and middle-office functions will be required to register as an Operations Professional, and will be subject to continuing education requirements. Also, unless the prospective Operations Professional is already registered with the FINRA member firm in a specifically enumerated category, a licensing examination (the "Series 99 examination") must be successfully completed.

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