What You Need to Know
- The proposed rule change would include 2022 inspection obligations through June 30.
- The SEC's Gensler told lawmakers Tuesday the agency will likely approve the plan.
- Remote exams are necessary to address continuing operational challenges resulting from the COVID-19 pandemic, FINRA says.
The Financial Industry Regulatory Authority filed with the Securities and Exchange Commission on Tuesday a proposed rule change to allow broker-dealers to continue to conduct branch-office inspections remotely in 2022.
The rule change (Temporary Relief to Allow Remote Inspections for Calendar Year 2020 and Calendar Year 2021) under FINRA Rule 3110 (Supervision) includes 2022 inspection obligations through June 30, 2022.