Proposed Rule Change Relating to Extension of Implementation Date for Expansion of the Order Audit Trail System to All NMS Stocks

Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to establish October 17, 2011, as the implementation date of the amendments to FINRA Rules 7410 and 7470 that the Commission approved on November 12, 2010.   The amendments extend the recording and reporting requirements in FINRA’s Order Audit Trail System (“OATS”) rules (“OATS Rules”) to include all NMS stocks and exclude certain members from the definition of “Reporting Member.”  The amendments also conform the exemptive provision in FINRA Rule 7470 to apply to all NMS stocks.

TitleFormat - SizeStatus
Text of Proposed Rule ChangePDF - 55.3 KB
Notice of Filing and Immediate EffectivenessPDF - 155.2 KB