FINRA and ISG Delay Effective Date for Enhanced Electronic Blue Sheet Submissions (FINRA Regulatory Notice)

FINRA and the other interested members of the Intermarket Surveillance Group (ISG interested members) have extended the effective dates for firms to submit new data elements for Electronic Blue Sheets (EBS) to correspond with the recent extension by the SEC of the implementation of SEC Large Trader Reporting Rule (SEA Rule 13h-1). (Electronic Blue Sheets are described in Section III.C of the Broker-Dealer Guide, Recordkeeping Chapter.)

Effective November 30, 2012, and May 1, 2013, as discussed in more detail below, firms must begin submitting the additional formats of Blue Sheet data specified in Regulatory Notice 11-56 to FINRA and the other ISG interested members. This extension will allow broker-dealers additional time to develop, test and implement the enhancements.

View release in full here(links externally to FINRA website).