Regulatory Notice 10-30

SEC Approves Amendments Permitting FINRA to Halt Trading by Firms Otherwise Than on an Exchange Where a Primary Listing Market Has Issued a Trading Pause Due to Extraordinary Market Volatility; Effective Date: June 10, 2010

Executive Summary

On June 10, 2010, FINRA began a pilot program in which it will halt trading otherwise than on an exchange with respect to securities included in the S&P 500® Index where the primary listing market has issued a trading pause due to extraordinary market volatility. The pilot is set to end on December 10, 2010.

 

Frequently asked questions about the trading-pause pilot are in Attachment A of this Notice. The text of the amendments to FINRA Rule 6121 can be found in the online FINRA Manual at www.finra.org/finramanual.

 

Questions regarding this Notice should be directed to:

 

  • FINRA Operations at (866) 776-0800; or
  • Racquel Russell, Assistant General Counsel, Office of General Counsel, at (202) 728-8363.