FINRA Announces Effective Date for First batch of Rules in "New" FINRA Rulebook

Through Regulatory Notice 08-57, FINRA announced last week that its first batch of new rules to be placed in the FINRA rulebook (consolidating and revising NASD and NYSE rules) will become effective on December 15, 2008, following their recent approvals by the SEC.  Though I've not yet been able to review each of the rule filing proposals in detail, it does not appear, that the new rules contain significant changes to the old NASD rules, though some rules or sets of rules are renumbered.  As noted in an earlier post, FINRA will issue effective date notices for the new rules every two months, and will continue until the process is complete.