OATS for OTC Equity Securities Road Shows

On October 10, 2006, the SEC approved amendments to the OATS Rules to expand the types of securities that members must report to OATS. Under these amendments, members will be required to record and report order information relating to "OTC equity securities," which are defined as equity securities that (1) are not listed on a national securities exchange; or (2) are listed on one or more regional stock exchanges and do not qualify for dissemination of transaction reports via the facilities of the Consolidated Tape. This definition includes equity securities quoted on the OTC Bulletin Board Service or on the Pink Sheets Electronic Quotation Service. For purposes of the OATS Rules, the definition of "OTC equity securities" excludes direct participation programs as defined in Rule 6910, restricted securities as defined by SEC Rule 144(a)(3), and securities designated in the PORTAL market.

To help your firm further understand its reporting responsibilities and to prepare for the scheduled implementation of OATS for OTC equity securities, FINRA will present a series of road shows in select cities. These shows are designed to give firms and service providers guidance on applying the OATS Rules to OTC equity securities and will include up-to-date information on the rule amendments, technical requirements, firm responsibilities and recent interpretations. Speakers also will address any questions related to the OATS Rules, including the impact of Reg. NMS on the OATS reporting requirements.

The locations, dates, and times of the Road Shows are listed below. FINRA expects to conduct Road Shows in additional locations on later dates. To register, please click on the link of the city of your desired OATS for OTC Equity Securities Road Show.

 

Location Date Time Hotel Address
Denver, CO

Thursday

March 8, 2007

10am - 12pm

Hyatt Regency Denver

at the Colorado

Convention Center

650 15th Street,

Denver, Colorado 80202 

(303) 436-1234

New York, NY

Tuesday

March 13, 2007

10am - 12pm

Loews Regency Hotel

540 Park Ave at 61st Street

New York, NY 10021

(212) 759-4100

New York, NY

Tuesday
March 13, 2007

2pm - 4pm

Loews Regency Hotel

540 Park Ave at 61st Street
New York, NY 10021
(212) 759-4100

Jersey City, NJ

Wednesday
March 14, 2007

2pm - 4pm

Hyatt Regency Jersey
City on the Hudson

2 Exchange Place
Jersey City, NJ 07302
(201) 469-1234