Regulatory Notice 16-20

SEC Approves OATS Amendments to Require Identification of Non-FINRA Member Broker-Dealers

Effective Date: August 1, 2016

Summary

Beginning August 1, 2016, firms that report information to OATS will be required to include on their reports the identity of U.S.-registered broker-dealers that are not FINRA members and broker-dealers that are not registered in the U.S. but have received an SRO-assigned identifier. The identities may be reported using either the broker-dealer’s Central Registration Depository (CRD®) number or an SRO-assigned identifier. FINRA will provide a list of all acceptable CRD numbers for firms to use to facilitate compliance with the new requirements.

Questions concerning this Notice should be directed to:

  • OATS Helpdesk at (800) 321-6273; or
  • For legal and interpretive questions, Brant Brown, Associate General Counsel, Office of General Counsel, at (202) 728-6927.