Regulatory Notice 16-15

Exemption from Trade Reporting Obligation for Certain Transactions on Alternative Trading Systems

Effective Date: July 18, 2016

Summary

On July 18, 2016, new FINRA Rule 6732 (Exemption from Trade Reporting Obligation for Certain Transactions on an Alternative Trading System) becomes effective. Rule 6732 provides FINRA staff with the authority to grant a member alternative trading system (ATS) an exemption from the TRACE trade reporting obligations of Rule 6730 (Transaction Reporting) for transactions occurring on an ATS that meet specified conditions.

The rule text is available in the online FINRA Manual.

Questions concerning this Notice should be directed to:

  • FINRA Product Management at (866) 899-2107;
  • for information on how to apply for exemptive relief, Patrick Geraghty, Vice President, Market Regulation (MR), at (240) 386-4973; or Joseph Schwetz, Associate Director, MR, at (240) 386-6170; or
  • for legal and interpretive questions, Racquel Russell, Associate General Counsel, Office of General Counsel, at (202) 728-8363.