Short Interest Reporting

FINRA Provides Demonstration of New Web-based System for the Collection of Short Interest Positions

FINRA has developed a video demonstration of the new web-based interface through which firms will begin submitting short interest reports to FINRA effective January 17, 2017. For details regarding this change, see Regulatory Notice 16-32.

FINRA Announces New Web-based System for the Collection of Short Interest Positions

Effective as of the close of business on January 10, 2017, FINRA will retire the web-based system firms currently use to submit short interest positions. On January 17, 2017, firms will begin submitting short interest reports to FINRA using a new web-based interface, which is accessible via the Firm Gateway.  See Regulatory Notice 16-32.

Schedule of Reporting Dates

Firms are required to submit short interest reports bi-weekly. All short interest positions must be reported by 6 p.m. Eastern Time on the second business day after the reporting settlement date designated by FINRA. See the schedule of reporting dates.

SEC Approves Amendments to FINRA’s Short-Interest Reporting Rule

The SEC approved amendments to FINRA Rule 4560 (Short-Interest Reporting). The amendments: (1) codify the requirement that member firms report only “gross” short interest existing in each proprietary and customer account (rather than net positions across accounts); (2) clarify that member firms’ short-interest reports must reflect only those short positions that have settled or reached settlement date by the close of the FINRA-designated reporting settlement date; and (3) delete certain existing exceptions to the rule. See Regulatory Notice 12-38.

Guidance

FINRA periodically publishes Regulatory Notices (f/k/a Notices to Members) discussing relevant issues relating to Short Interest Reporting.  Below is a list of Notices for reference.

General Instructions for Short Interest Reporting Application

Please view general instructions for the Short Interest reporting system. They include information concerning member firms' obligations with regard to reporting short interest data, system requirements, and file upload specifications.

Contact Information

Questions concerning short interest reporting may be directed to Yvonne Huber at (240) 386-5034, Jocelyn Mello-Gibbon at (240) 386-5091 or Lauren Zito at (240) 386-5432.

1 Effective December 15, 2008, FINRA Rule 4560 incorporated NASD Conduct Rule 3360 and NYSE Rule 421.