The Financial Information Forum asked FINRA for clarification on new requirements for order routing disclosure reports for OTC and National Market System equity securities orders.
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The SEC approved a FINRA proposal to establish new order routing disclosure report publication requirements for OTC and National Market System equity securities orders.
SIFMA and the Financial Information Forum urged the SEC to better understand the "magnitude" of the costs associated with changing the funding model for the National Market System Plan Governing the Consolidated Audit Trail.
The SEC extended a deadline to consider whether to approve or disapprove a FINRA proposal to establish new order routing disclosure report publication requirements for over-the-counter and National Market System equity securities orders. The SEC extended the deadline from June 4, 2023 to August 3, 2023.
The Financial Information Forum reiterated its opposition to a FINRA proposal requiring new order-routing disclosures for OTC and National Market System equity securities orders.