FINRA Legal Agreements
FINRA has updated its equities and fixed income transparency facilities participant agreement and has also created an amendment to the FINRA Participation Agreement (FPA). The revised FPA replaces the existing FPA. Firms that currently have an FPA with FINRA must use the amendment to add a new FINRA product, delete an existing product or update their billing information.
Pursuant to the terms of the individual participation agreements, posting of the revised FPA serves as notice of this change. The modified FPA will go into effect 90 days after the posting of this notice. Participants will have 30 days after that effective date to opt out of the agreement or will be deemed to have agreed to and accepted the revised FPA. Firms that opt out of the agreement will immediately lose access to all products covered under the agreement.
Underwriters must submit a TRACE New Issue Form in order to comply with Rule 6760. This form contains all the pertinent information required to submit new issues.
If you have any questions, please contact FINRA Operations at (866) 776-0800 or email FINRA Operations.
All documents are available as Portable Document Format (PDF) files, except the current TRACE Order and Trace New Issue Forms, which are available from the links above. If you do not have Adobe Acrobat Reader to view PDF files, or need to access the old order or new issue forms, please download the free plug-in. PDF items will open in a new browser window.