FINRA filed SR-FINRA-2026-001 on January 22, 2026 to adopt new Rule 3290 (Outside Activities Requirements) and to delete Rule 3270 (Outside Business Activities of Registered Persons) and Rule 3280 (Private Securities Transactions of an Associated Person).
The proposal consolidates the two legacy regimes into a single framework, focusing member-firm review on outside activities within the firm's oversight authority that present elevated risk, while reducing unnecessary compliance burdens.
The filing is a concrete outgrowth of the FINRA Forward initiative and feedback to Regulatory Notice 25-05. It has moved through SEC review with amendments and responses to comments and, as of mid-2026, has not received final SEC approval.
If approved, firms would need to update their outside-activities supervisory procedures, disclosure forms, and recordkeeping to reflect the consolidated Rule 3290 framework.