FINRA Pilot Proposal Extending Tier Size Published in Federal Register

The FINRA-proposed rule change to extend the tier size pilot of FINRA Rule 6433 for an additional three months, until May 15, 2015, was published in the Federal Register.

The tier size pilot was filed with the SEC on October 6, 2011 to amend the minimum quotation sizes for OTC Equity Securities. The purpose of the extension is to provide FINRA with additional time to finalize its recommendation with regard to the pilot.

The rule change is effective immediately.

See: 80 FR 8741. Related news: FINRA Proposes to Extend Tier Size Pilot (January 30, 2015); FINRA Rule Change to Extend Tier Size Pilot Regarding Minimum Quotation Size Requirements for OTC Equity Securities Published (Fed. Reg.) (October 9, 2014); FINRA Proposed Rule Change to Extend Tier Size Pilot of FINRA Rule 6433 (November 6, 2013).