Regulatory Notice 10-07

SEC Approves Amendments to FINRA Rules on Reporting Cancellations of Previously Reported OTC Trades in Equity Securities; Effective Date: April 12, 2010

Executive Summary

Effective Monday, April 12, 2010, firms are no longer prohibited from reporting trade cancellations to the FINRA/NASDAQ Trade Reporting Facility and the OTC Reporting Facility after 5:15 p.m. Eastern Time on trade date, as described more fully in this Notice. Firms are reminded that they must report the cancellation of any previously reported over-the-counter transaction in an equity security to FINRA, in accordance with FINRA trade reporting rules.

 

The text of the amendments is available at www.finra.org/rulefilings/2009-082.

 

Questions regarding this Notice may be directed to:

  • FINRA Operations at (866) 776-0800; or
  • The Office of General Counsel at (202) 728-8071.