Regulatory Notice 15-51

Submission of "Clearing-Only, Non-Regulatory Reports" to the FINRA Equity Trade Reporting Facilities

Effective Date: February 1, 2016

Executive Summary

Pursuant to rule amendments that will be effective February 1, 2016, FINRA is introducing a new category of trade submissions—clearing-only, non-regulatory reports—that firms can use to submit to clearing those OTC transactions in equity securities that have been previously reported through a FINRA facility. Clearing-only, non-regulatory reports cannot be used for regulatory reporting purposes. As such, firms can only use these reports where their regulatory reporting obligations to FINRA have been satisfied through other submissions (tape reports, i.e., submitted for public dissemination purposes, or non-tape reports).

The amended rule text is available in the online FINRA Manual.

Questions regarding this Notice may be directed to:

  • Dave Chapman, Director, Market Regulation, at (240) 386-4995 or by email;
  • FINRA Market Operations at (866) 776-0800;
  • FINRA Product Management at (866) 899-2107; or
  • Lisa Horrigan, Associate General Counsel, Office of General Counsel, at (202) 728-8190 or by email.