FINRA Amends Rules to Clarify Applicable Requirements for Binary Options
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The Financial Industry Regulatory Authority (FINRA) issued Regulatory Notice 26-21, revising three rules on options communications, options trading, and margin requirements, updating related interpretations, and clarifying the regulatory scope of binary options. These revisions took effect on October 22, 2026. The revisions cover Rules 2220 (Options Communications), 2360 (Options), and 4210 (Margin Requirements), clarifying that the rules apply to two types of binary options: those whose payout is based on financial or operational metrics disclosed by the issuer, and those cleared by a registered clearing agency other than the Options Clearing Corporation (OCC).
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- FINRA: Regulatory NoticesFeaturedFINRA Amends Rules and Updates Interpretations to Regulate Binary Options, Effective October 22, 2026
FINRA has issued Regulatory Notice 26-21, amending rules and updating interpretations to clarify regulatory applicability for binary options, with the amendments taking effect on October 22, 2026. The revisions cover Rules 2220 (Options Communications), 2360 (Options), and 4210 (Margin Requirements), clarifying that the rules apply to options whose payout is based on financial or operational metrics disclosed by the issuer, as well as options cleared by registered clearing agencies other than OCC.
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