SEC Approves Amendments to Equity Trade Reporting and Order Audit Trail System ("OATS") Rules (FINRA Regulatory Notice 14-21)

FINRA issued a regulatory notice to announce the SEC approval of amendments to FINRA rules governing the reporting of (i) OTC transactions in equity securities to the FINRA facilities, and (ii) orders in NMS stocks and OTC equity securities to the Order Audit Trail System ("OATS").

The OATS amendments were implemented April 7, 2014, and the OTC Reporting Facility amendments will be implemented September 15, 2014. Additionally, the implementation date for the requirement related to reporting in milliseconds to the Alternative Display Facility ("ADF") and Trade Reporting Facilities ("TRFs") is September 29, 2014.

The implementation date for the remainder of the ADF and TRF amendments will be announced separately.

See: FINRA Regulatory Notice 14-21. Related news: FINRA Proposes Rule Relating to OTC Equity Trade Reporting and OATS Reporting (November 12, 2013).