Regulatory Notice 12-36

FINRA and ISG Delay Effective Date for Enhanced Electronic Blue Sheet Submissions

 

Effective Dates: November 30, 2012 and May 1, 2013

Executive Summary

FINRA and the other interested members of the Intermarket Surveillance Group (ISG interested members) have extended the effective dates for firms to submit new data elements for Electronic Blue Sheets (EBS) to correspond with the recent extension by the SEC of the implementation of SEC Large Trader Reporting Rule (SEA Rule 13h-1).

 

Effective November 30, 2012, and May 1, 2013, as discussed in more detail below, firms must begin submitting the additional formats of Blue Sheet data specified in Regulatory Notice 11-56 to FINRA and the other ISG interested members. This extension will allow broker-dealers additional time to develop, test and implement the enhancements.

 

Attachment A to this Notice sets forth additional modifications from Regulatory Notice 11-56 regarding changes to the Blue Sheet record layout and Attachment B outlines the updated Transaction Type Identifiers.

 

Questions concerning the EBS enhancements should be directed to FINRA EBS group.

 

The effective date for compliance with certain elements identified in this Notice has been extended to May 1, 2014. See Regulatory Notice 13-38.