FINRA Exemptive Letters List

FINRA has updated its online resource to include a comprehensive list of its exemptive letters. This publication aims to assist industry professionals in understanding the rationale behind FINRA's decisions regarding exemptions from certain rules. The list includes specific letters pertaining to TRACE ATS Reporting, Municipal Securities, and Initial Public Offerings (IPOs), with entries dating back to 2010.

While these letters are intended to provide clarity, FINRA notes that the decisions apply to the specific situations described and do not cover every possible exemption. Regulated entities, particularly broker-dealers and financial advisers, should review these letters to understand FINRA's interpretations and guidance on specific regulatory matters. The publication serves as a reference tool rather than a source of new regulatory obligations.