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Printer-Friendly Last Updated: 1/9/08 OATS Reporting Requirements to OTC Equity Securities

On October 10, 2006, the SEC approved SR-NASD-2005-101 expanding the OATS reporting requirements to include OTC equity securities. NASD will be publishing a Notice to Members and revised OATS Reporting Technical Specifications outlining the detailed reporting requirements within the next 60 days. The implementation date will be announced in the Notice To Members and will be approximately six months following the publication of the Notice To Members. For more information please contact the OATS Helpdesk at (800) 321-6273.

NASD Files Rule Change to Delay OATS for OTC Equity Securities Implementation

In response to concerns raised by members regarding programming resources required for the implementation of Reg. NMS, NASD has filed a rule change with the SEC to delay the implementation date of SR-NASD-2005-101 expanding the OATS reporting requirements to include OTC equity securities until February 4, 2008.  FINRA is also reviewing the scope of covered securities under the new amendments.  

Important Dates

• 12/11/2006 - Notice to Members 06-70 and OATS Reporting Technical Specifications
  
  
• 1/24/2007 - OATS for OTC Equity Securities Educational Telephone Conference Call - A Podcast of the call is available on our Site.
  
  
• March 2007 - March Road Shows 
  
  
• 3/5/2007 - NASD staff will discuss OATS at the NAIBD Spring Conference.
  
  
• 5/14/2007 - OATS technical changes available in OATS Testing environment. Changes include:

New Destination Codes
Elimination of Odd-lot reporting Exception Codes "O" and "C"
New Desk Type Codes
New Market Center ID
New Routing Method Code

• 6/11/2007 - OATS technical changes effective in the OATS Production environment
  
  
• 7/31/2007 - Rule Filing SR-FINRA-2007-001: Proposed Rule Change to Amend NASD Rule 6952 Relating to the Reporting of Foreign Equity Securities to the Order Audit Trail System
  
  
• 8/15/2007 - OATS for OTC Equity Securities Educational Telephone Conference Call 
  

OATS for OTC Equity Securities Teleconference Podcast

• 9/28/07 - SEC Approves Amendment Related to Foreign Securities
  
  
• October 2007 - October Road Shows
  
  
• 12/10/2007 - OATS for OTC equity securities release (and related technical changes) available in OATS Testing environment
  
  
• 1/16/08 - OATS for OTC Equity Securities - Educational Telephone Conference
  
  
• 2/4/2008 - OATS for OTC equity securities required to be reported to OATS Production

Frequently Asked Questions

View a listing of frequently asked questions about OATS OTC.