Regulatory Notice 11-56

FINRA and ISG Enhance Electronic Blue Sheet Submissions


Effective Date: August 31, 2012

Executive Summary

FINRA and the other interested members of the Intermarket Surveillance Group (ISG interested members) are enhancing the Electronic Blue Sheets (EBS) to improve the regulatory agencies' ability to analyze broker-dealers' trading activities.

 

Effective August 31, 2012, firms will be required to submit new data elements to FINRA and the other ISG interested members. Attachment A to this Notice sets forth the changes to the blue sheet record layout and Attachment B outlines the existing transaction type identifiers.

 

In addition, effective August 31, 2012, firms will be required to submit blue sheets, when requested, in three additional formats: (1) account number and date; (2) account number, symbol and date; or (3) date range and executing firm CRD number or entering firm MPID.

 

This Notice also provides answers to frequently asked questions (FAQ).

 

Questions concerning the EBS enhancements should be directed to the FINRA EBS group.

 

FINRA and the other ISG interested members have extended the effective date for Regulatory Notice 11-56 to November 30, 2012, and May 1, 2013. See Regulatory Notice 12-47.

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