Outside Business Activities: What to Know Under FINRA's New Rules

modern office interior glass ceiling architectural lines corporate buildingmodern office interior glass ceiling architectural lines corporate building

Outside Business Activities: What to Know Under FINRA's New Rules

October 02, 2026

United States
United States
United States
ThinkAdvisor

Partner Brian Rubin explains how FINRA’s recently revised outside activities framework will provide relief from supervisory and recordkeeping obligations by treating activity at an unaffiliated RIA as an outside activity rather than an outside securities transaction. Firms must still receive prior written notice, assess the activity and supervise compliance with any conditions they impose.

“It will be a lighter touch, but not completely hands-off,” Brian said.

The materials on the Eversheds Sutherland website are for general information purposes only and do not constitute legal advice. While reasonable care is taken to ensure accuracy, the materials may not reflect the most current legal developments. Eversheds Sutherland disclaims liability for actions taken based on the materials. Always consult a qualified lawyer for specific legal matters. To view the full disclaimer, see our Terms and Conditions or Disclaimer section in the footer. Eversheds Sutherland is a provider of legal and other services operating through various separate and distinct legal entities. For further information about these entities and Eversheds Sutherlands' structure please see the Legal Notice page of this website.

Services

Industries

Key contacts

brianrubin@eversheds-sutherland.com

Brian L. Rubin

Partner

Washington, DC, United States

Latest Insights

Latest News

Latest Events

tree courtyard modern building architecture urban greenery design

legal updates

November 09, 2026

FS+ Country Updates – October 2026

224350266_m

legal updates

November 06, 2026

The AI safety winter is thawing

Keyboard

legal updates

November 05, 2026

Updata: Your quarterly data, privacy and cybersecurity update

Aerial shot of glass buildings

legal updates

November 04, 2026

EU Legislation Roundup: October 2026

© Eversheds Sutherland 2026. All rights reserved. Eversheds Sutherland is a provider of legal and other services operating through various separate and distinct legal entities. For further information about these entities and Eversheds Sutherlands' structure please see the Legal Notice page of this website.

Eversheds Sutherland is the name and brand under which the members of Eversheds Sutherland Limited (Eversheds Sutherland (International) LLP and Eversheds Sutherland (US) LLP) and their respective controlled, managed or affiliated firms and the members of Eversheds Sutherland (Europe) Limited and Eversheds Sutherland (Africa) Limited (each an "Eversheds Sutherland Entity" and together the "Eversheds Sutherland Entities") provide legal or other services to clients around the world. Eversheds Sutherland Entities are constituted and regulated in accordance with relevant local regulatory and legal requirements. The use of the name Eversheds Sutherland, is for description purposes only and does not imply that the Eversheds Sutherland Entities are in a partnership or are part of a global entity. The responsibility for the provision of services to the client is defined in the terms of engagement between the instructed firm and the client. For further information about these Eversheds Sutherland Entities and Eversheds Sutherlands’ structure please see the Legal Notices page of this website. For information on Konexo please also see the Legal Notices page of this website.