SEC Approves FINRA-Proposed Rule Change to Update Rules Governing ADF

The SEC approved FINRA's proposed rule change to update the rules governing the Alternative Display Facility ("ADF") so that the existing rules will reflect regulatory requirements that have been put into place since the last revision of the ADF rules.

FINRA originally filed the proposed rule with the SEC on December 9, 2013. The proposed rule also conforms the ADF trade reporting rules to current FINRA rules which relate to trade reporting to the FINRA Trade Reporting Facilities ("TRFs").

See: SEC Approval of Proposed Rule.Related news: SEC Issues Order Approving FINRA-Proposed Rule Regarding New Entrant to Alternative Display Facility (February 3, 2014); Filing Requirements for ADF Market-Makers: FINRA Regulatory Notice 14-04 (January 31, 2014); SEC Approves FINRA Rule Regarding Participation on the Alternative Display Facility (January 28, 2014); FINRA-Proposed Rule Change Regarding ADF Capacity Management Plan (January 3, 2014); FINRA Files Proposed Rule Change to Update Rules Governing ADF (December 20, 2013); FINRA Proposes Rule Regarding New Entrant to Alternative Display Facility (December 3, 2013).