Technical Notice

FINRA OTC Reporting Facility (ORF) Migration update, FAQ and Checklist

June 16, 2014

FINRA has published a set of Frequently Asked Questions (FAQ) and a project checklist to assist firms’ transition to the new OTC Reporting Facility (ORF) technology platform. As a reminder, the ORF migration project is scheduled to commence on Monday, September 15, 2014. As of that date, firms must be prepared to submit trades in OTCBB and other OTC equity securities to the new ORF facility.

Weekday testing is currently available and FINRA strongly recommends firms sign their FINRA Participant Agreements (FPA) and participate in weekday testing as soon as possible. Firms will not be permitted to test the migration software without an executed FPA.

FINRA has also scheduled industry-wide User Acceptance Tests (UAT) for Saturday, August 9, 2014; Saturday, August 16, 2014; Saturday, August 23, 2014; and Saturday, September 6, 2014. FINRA will issue additional specific information regarding these tests as the dates approach.

If you have questions regarding this notice or the ORF migration email FINRA Product Management or call (866) 899-2107.