FINRA Extends Pilot Program Deadline for Transactions in Exchange-Listed Securities

FINRA filed a proposed rule change to extend its current pilot program for the review of clearly erroneous transactions in exchange-listed securities. The pilot program is intended to "promote transparency and uniformity" and "help assure consistent results in handling erroneous trades across the U.S. equities markets." The extension begins on April 20, 2020 and ends on October 20, 2020.

In a previous extension notice, FINRA stated that extending the pilot program under FINRA Rule 11892 will provide the agency and other national securities exchanges with more time to consider a permanent rule proposal.

Comments on the extension must be submitted by April 23, 2020.