The Financial Industry Regulatory Authority, the self-funded securities industry watchdog, on Thursday issued a framework to aid its staff in analyzing the costs and benefits of its rules and provide a public a roadmap of its process. FINRA’s framework is part of a “broader objective” to ensure that its rules “continue to be relevant and appropriately designed,” according to a statement on its website. The framework is the most recent development following a push by the U.S. Securities and Exchange Commission to provide more details about the economic aspects of rule proposals FINRA submits to the agency for approval. The SEC supervises FINRA and must review and approve all of its rule changes. More on Reuters here.
