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.
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.
- Regulatory Notice 17-43: Guidance on Reporting Short Interest Positions Held in Master/Sub-Accounts or Parent/Child Accounts
- Regulatory Notice 16-32: FINRA Announces New Web-based System for the Collection of Short Interest Positions
- Regulatory Notice 12-38: SEC Approves Amendments to FINRA’s Short-Interest Reporting Rule
- Regulatory Notice 11-55: FINRA Collection of Short Interest Data for BATS Exchange-Listed Securities
- Regulatory Notice 08-13: FINRA Consolidates the Collection of Short Interest Data
- Notice to Members 07-24: New Requirement for the Reporting of Consolidated Short Interest Positions to the Intermarket Surveillance Group (ISG)
- Notice to Members 06-20: NASD Implements Changes to the Regulation Filing Applications System
- Notice to Members 06-14: SEC Approves Amendments to the Short Interest Reporting Requirements
- Notice to Members 03-08: NASD Clarifies the Application of Short Interest Reporting Rule
- Notice to Members 95-8: Short-Interest Reporting Requirements Revision for Exchange-Listed Securities
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.
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.