Regulatory Notice 12-07

FINRA Requests Comment on Proposed Amendments Relating to Reporting of OTC Trades Executed in a Mixed Capacity

Comment Period Expired March 26, 2012

FINRA requests comment on a proposal to amend FINRA trade reporting rules relating to the reporting of OTC trades in equity securities that are executed by a member firm in a mixed trading capacity (e.g., a single trade execution by a firm as principal and agent). FINRA is considering alternative approaches, such as (1) requiring firms to report a mixed-capacity trade as multiple trade executions with the member firm’s capacity properly identified in each trade report, or (2) permitting a mixed-capacity trade to be reported in a single trade report and requiring firms to submit a non-tape report linked to the original trade report to identify the portion of the trade executed in a different capacity (i.e., agent, principal or riskless principal).

Questions concerning this Notice should be directed to:

  • Legal Section, Market Regulation, at (240) 386-5126; or
  • Office of General Counsel at (202) 728-8071.
The views, expressions, findings and opinions expressed in the comments on this Web page are solely those of the author(s) and FINRA accepts no responsibility for the content of the comments: 
DateCommenterFormat - Size
3/23/2012CRMCPDF - 3.91 MB
3/26/2012The Financial Information ForumPDF - 125.29 KB