Regulatory Notice 09-52

SEC Approves Amendments to FINRA Trade Reporting Rules on OTC Equity Transactions Executed Outside Normal Market Hours; Effective Date: January 11, 2010

Executive Summary

Effective January 11, 2010, firms that execute OTC trades in equity securities during the hours that a FINRA trade reporting facility is closed must report the trade within 15 minutes of the opening of the facility—i.e., by 8:15 a.m. Eastern Time.

 

Additionally, effective January 11, 2010, the FINRA/NASDAQ Trade Reporting Facility and the OTC Reporting Facility will allow firms to submit during normal market hours trade reports with a modifier designating the trade as executed outside normal market hours.

 

The text of the amendments can be found at www.finra.org/rulefilings/2009-031.

 

Questions regarding this Notice may be directed to:

 

• The Legal Section, Market Regulation, at (240) 386-5126; or
• The Office of General Counsel at (202) 728-8071.