Finra Seeks Delay on Parts of Suitability Rule for Deferred Variable Annuities

Finra filed a proposed rule change with the SEC to delay the effectiveness of the principal review and supervisory/compliance procedures sections of Rule 2821 (dealing with suitability requirements for sales of deferred variable annuities).  Finra said it plans to file an unspecified substantive change to the rule in the near future.  Proposed Rule Change to Delay the Effective Date of Certain FINRA Rule Changes Approved in SR-NASD-2004-183.