On October 11, 2012, the SEC granted accelerated approval to FINRA's proposed amendments to NASD Rule 2711 (Research Analysts and Research Reports). The amendments conform Rule 2711 to the requirements of the JOBS Act related to research analysts and research reports in certain offerings by emerging growth companies. The amendments make other related changes to the research quiet period rules and make conforming amendments to Incorporated NYSE Rule 472 (Communications with the Public).

The amendments required by the JOBS Act are retroactively effective to April 5, 2012, the day the JOBS Act was enacted. The other changes are effective as of the date of accelerated approval.

For more information on the amendments, see Legal Update, FINRA Proposes Rule Changes Amending NASD Rule 2711 to Conform with JOBS Act.