6610. General
(a) Members are required to report transactions (other than transactions executed on or through an exchange) in OTC Equity Securities, including secondary market transactions in non-exchange-listed Direct Participation Program securities, and Restricted Equity Securities to the OTC Reporting Facility in compliance with the Rule 6600 and 7300 Series, as well as all other applicable rules and regulations.
(b) Trading Information for OTC Transactions in OTC Equity Securities Executed Outside of Alternative Trading Systems
(1) FINRA will publish on its public web site the Trading Information for each member with the trade reporting obligation under Rule 6622(b) on the following timeframes:
(A) no earlier than four weeks following the end of the Trading Information week, Trading Information for OTC Equity Securities; and
(B) no earlier than one month following the end of the Trading Information month, aggregate volume totals across all OTC Equity Securities.
(2) Published Trading Information will be presented on FINRA's web site as follows:
(A) Trading Information will be aggregated for all Market Participant Identifiers (MPIDs) used by a single member (excluding, if applicable, any MPIDs used by the member for reporting trades executed in its alternative trading system).
(B) Trading Information will be aggregated for members that have executed on average fewer than 200 transactions per day across all OTC Equity Securities during the applicable Trading Information period.
(C) Trading Information will be aggregated for members that have executed on average fewer than 200 transactions per day in an OTC Equity Security during the applicable Trading Information period.
(3) For purposes of this paragraph (b), "Trading Information" includes:
(A) the number of shares of an OTC Equity Security executed by the member with the trade reporting obligation under Rule 6622(b) and reported to FINRA;
(B) the number of trades in an OTC Equity Security executed by the member with the trade reporting obligation under Rule 6622(b) and reported to FINRA.
"Trading Information" for purposes of this paragraph (b) shall not include any ATS Trading Information, as that term is defined in paragraph (c)(3).
(c) Trading Information for OTC Transactions in OTC Equity Securities Executed on Alternative Trading Systems
(1) FINRA will publish on its public web site the aggregate weekly ATS Trading Information for each alternative trading system with the trade reporting obligation under Rules 6622(b) no earlier than four weeks following the end of the ATS Trading Information week,
(2) For purposes of this paragraph (c), "ATS Trading Information" includes:
(A) the number of shares of an OTC Equity Security executed on an alternative trading system with the trade reporting obligation under Rule 6622(b) and reported to FINRA; and
(B) the number of trades in an OTC Equity Security executed on an alternative trading system with the trade reporting obligation under Rule 6622(b) and reported to FINRA.
| Amended by SR-FINRA-2016-002 eff. Oct. 3, 2016. Amended by SR-FINRA-2015-020 and SR-FINRA-2016-002 eff. Apr. 2, 2016. Amended by SR-FINRA-2016-002 eff. Feb. 9, 2016. Amended by SR-FINRA-2010-051 eff. Nov. 1, 2010. Amended by SR-FINRA-2009-061 eff. Nov. 1, 2010. Amended by SR-FINRA-2010-003 eff. June 28, 2010. Adopted by SR-FINRA-2008-021 eff. Dec. 15, 2008. Selected Notices: 08-57, 10-26, 10-24, 15-48, 16-14. |
- Regulatory Notice 18-28September 11, 2018
- Regulatory Notice 10-26May 28, 2010