DEBT

General

Amendments to Rule 2242 (Debt Research Analysts and Debt Research Reports)

Rule 2242 (Debt Research Analysts and Debt Research Reports) has been amended to clarify the application of the rule in four respects:  (1) The consent requirement for institutional debt research reports distributed to non-U.S. investors by non-U.S. affiliates of members; (2) the consent requirement for institutional debt research reports distributed to specified persons for informational purposes unrelated to investing in debt securities; (3) the scope of the institutional debt research report exemption when distributing third-party debt research reports to eligible institutional investors; and (4) the disclosure requirements for debt research analysts in public appearances.

•  Amendments to FINRA Rule 2242:  Rule changes to clarify the application of the rule

The SEC approved amendments to FINRA Rule 2242 (Debt Research Analysts and Debt Research Reports) to address conflicts of interest relating to the publication and distribution of debt research reports. Rule 2242 became effective on July 16, 2016.

•  FINRA Regulatory Notice 15-31 (August 2015):  SEC Approves Rule to Address Conflicts of Interest Relating to the Publication and Distribution of Debt Research Reports.