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7010. OTC Reporting Facility

This rule is no longer applicable. NASD Rule 7010 has been superseded by FINRA Rule 7710. Please consult the appropriate FINRA Rule.

The following charges shall be paid by the participant for trade reporting to the OTC Reporting Facility:
Transaction Related Charges:  
Reporting of transactions in OTC Equity Securities (as defined in Rule 6610(d)) not subject to comparison through the OTC Reporting Facility $0.029/side
Comparison $0.0144/side per 100 shares (minimum 400 shares; maximum 7,500 shares)
Late Report—T+N $0.288/side
Query $0.50/query
Corrective Transaction Charge $0.25/Cancel, Error, Inhibit, Kill, or ‘No' portion of No/Was transaction, paid by reporting side; $0.25/Break, Decline transaction, paid by each party
Adopted by SR-NASD-2007-018 eff. March 5, 2007.

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