FINRA Files Proposed Rule Change to Update Rules Governing ADF

FINRA filed with the SEC a proposed rule change to update the rules governing the Alternative Display Facility ("ADF") so that the existing rules reflect regulatory requirements that have been put into place since the last revision of the ADF rules. The proposed rule also conforms the ADF trade reporting rules to current FINRA rules relating to trade reporting to the FINRA Trade Reporting Facilities ("TRFs").The SEC published a notice to solicit comments on the proposed FINRA rule change.

See: SEC Notice of the Proposed Rule Change; FINRA Text of the Proposed Rule Change.