Carrying Agreement Finra

12 New FINRA Rule 4311.01 indicates what constitutes a material change within the meaning of point (b)(1) of the Rule. Significant changes include, but are not limited to, changes in the assignment of responsibilities required by the rule; the termination clauses applicable to the importing company; any conditions or provisions that affect the liability of the parties; and the parties to the agreement, including, for example, the inclusion of a new contracting party in the agreement, such as. B a `loonie` agreement, a new transport company or a new importing company, but without termination of the agreement. However, the undertaking should assess the scope of the verification required for each correspondent and carry out additional checks if it deems it necessary. Please note that a record of due diligence performed for each new importing company must be kept by the exporting company in accordance with the deadlines prescribed by Exchange Act Rule 17a-4(b). 13 New FINRA Rule 4311 (a) (2) expressly allows a carrier to enter into a contract of carriage for the transfer of accounts receivable from a person other than that of a broker or dealer registered in the United States, under conditions generally established. 14 FINRA Rule 4311.02 provides that, for the purposes of the notification requirement referred to in paragraph (b)(3) of the provision, the institution must submit a questionnaire as defined by FINRA, which may be updated from time to time if FINRA deems it necessary. (The questionnaire that will be specified for use by exporting companies in accordance with FINRA Rules 4311(b)(3) and 4311.02 is set out in Appendix B.) On March 23, the Financial Industry Regulatory Authority (FINRA) announced that it was conducting a retrospective review of FINRA Rule 4311 for delegation agreements. . . .