Regulatory Notice 14-51

FINRA Requests Comment on Proposed FINRA Rules Requiring the Identification of Non-Member Broker-Dealers in Order Audit Trail System (OATS) Reports and the Reporting of Additional Order Information by Alternative Trading Systems (ATS)

Comment Period Expires: January 13, 2015
The comment period has been extended to February 20, 2015.

Executive Summary

FINRA is requesting comment on proposed amendments to the OATS rules that would require member firms to report additional information to OATS. Specifically, FINRA is proposing to amend the OATS rules to require members to identify non-member broker-dealers when reporting orders received from such entities. FINRA is also proposing to require ATSs to provide FINRA with additional order book information using existing OATS interfaces.

The text of the proposed rules is set forth in Attachment A.

Questions concerning this Notice should be directed to:

  • Shelly Bohlin, Vice President, Market Analysis and Audit Trail Group, Market Regulation, at (240) 386-5029; or
  • Andrew Madar, Associate General Counsel, Office of General Counsel (OGC), at (202) 728-8056.
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
2/20/2015KCGPDF - 136.97 KB
2/20/2015Financial Information ForumPDF - 221.63 KB
2/20/2015Liquidnet, Inc.PDF - 97.46 KB
2/24/2015SIFMAPDF - 189.86 KB
2/27/2015UBSPDF - 258.16 KB