Blue Sheet Data
Blue Sheet data files, which contain both trading and account holder information, provide regulatory agencies with the ability to analyze a firm’s trading activity. Firms are expected to provide complete, accurate and timely Blue Sheet data in response to regulatory requests. Incomplete, inaccurate and untimely Blue Sheet data compromises regulators’ ability to identify individuals engaging in insider trading schemes and other fraudulent activity.
Blue Sheet Requests
FINRA sends Blue Sheet requests to firms by email and also posts them on FINRA's Request Manager system as a second means of notification. To access FINRA's Request Manager, go to Firm Gateway and choose the Information Request tab. Firms that do not have entitlement to FINRA's Request Manager should contact (800) 321-6273.
Firms are responsible for providing FINRA with the firm's most current Blue Sheet contact information. Firms should promptly inform the Blue Sheet section of any contact changes by sending an email.
Blue Sheet Submissions
FINRA posts Blue Sheet data files that are successfully transmitted to FINRA on FINRA's Request Manager as a means of confirmation of receipt. The posting does not represent that the data file FINRA received was complete or accurate.
If a firm determines that it does not have any Blue Sheet data to report in response to a request, then the firm should send an email with an affirmative determination (i.e. stating that the firm has reviewed its records and have no Blue Sheet data to submit). A firm should not submit an empty Blue Sheet data file as this will not be considered an affirmative determination nor responsive to the Blue Sheet request.
Pursuant to FINRA Rules 8210, 8211 and 8213, firms are required to submit Blue Sheet data in a prescribed format. See Regulatory Notice 18-04 for the latest version of the Blue Sheet Record Layout.
Three options are available for electronic Blue Sheet submission:
- Transmission via the Securities Industry Automation Corporation (SIAC). FINRA must receive submissions on or before the designated due date. Firms are responsible for ensuring that FINRA receives submissions they make through SIAC by the due date.
- Transmission through FINRA’s Request Manager, which allows the data to be sent directly to FINRA at no cost to the firm. See Request Manager for more information.
- Transmission via File Transfer Protocol (FTP).
Blue Sheet Questions
Email us for:
For any technical questions, please call (800) 321-6273.