Regulatory Notice 08-32
FINRA Consolidates the Collection and Processing of Regulation T and SEC Rule 15c3-3 Extension of Time Requests
FINRA has integrated the legacy NYSE Regulation and NASD extension of time processing systems into one combined system. Effective November 17, 2008, all requests for an extension of time must be filed through the new system, known as the "Reg T" system, which is accessible through FINRA's Firm Gateway.
Through FINRA's Reg T system, firms will have the ability to submit extension of time requests by completing an online request form, uploading a file via the File Upload page on the system, or transmitting a file via a batch processing feed using File Transfer Protocol (FTP). In addition, clearing firm members must submit their monthly reporting of correspondent firms' extensions to transactions ratio by completing an online form accessible via the FINRA Firm Gateway. Upon completion of the integration, the legacy NYSE Regulation filing platforms and the batch file submission processed through the Securities Industry Automation Corporation (SIAC) will be eliminated.
This Notice also details new data field requirements for the Reg T system.