Technical Notice

Revised FINRA Transaction Fee Transfer Agreement

August 24, 2018

FINRA has revised the FINRA Transaction Fee Transfer Agreement to clarify the intended scope of paragraph 2b. The FINRA Transaction Fee Transfer Agreement applies to FINRA members and their respective clearing firms that choose to utilize FINRA Trade Reporting Facilities – the Alternative Display Facility (ADF), the FINRA/Nasdaq TRF, the FINRA/NYSE TRF, or the OTC Reporting Facility (ORF) - to transfer a transaction fee on trades between FINRA members reported to one of the Facilities, pursuant to applicable FINRA rules. Firms that currently have an executed Agreement on file with FINRA do not need to execute a new Agreement. Firms executing a new Agreement after the date of this Notice should use the revised version, which is now online at FINRA.org.

Questions regarding this notice should be directed to FINRA Market Operations at (866) 776-0800 or by email.