SEC Approves FINRA-Proposed Rule to Establish a Fee Schedule for ATS Volume Information (Fed. Reg.)

The approved FINRA proposal to adopt FINRA Rule 4553 ("Alternative Trading Systems-Trading Information for Securities Executed within the Alternative Trading System") in order to establish a fee schedule for alternative trading system ("ATS") volume information was published in the Federal Register.

The new rule requires an ATS to report volume information and number of trades regarding securities transactions within the ATS to FINRA on a weekly basis. Additionally, the proposal amends FINRA Rules 6160 ("Multiple MPIDs for Trade Reporting Facility Participants"), 6170 ("Primary and Additional MPIDs for Alternative Display Facility Participants"), 6480 ("Multiple MPIDs for Quoting and Trading in OTC Equity Securities") and 6720 ("Participation in TRACE") to require each ATS to acquire and use a single, unique market participant identifier ("MPID") when reporting information to FINRA.

The implementation date of the reporting requirements in Rule 4553 is May 12, 2014, and the compliance date regarding the MPID Requirement is November 10, 2014.

See: 79 FR 32351.See also: SEC Approves FINRA-Proposed Rule Change to Establish Fee Schedule for ATS Volume Information (May 30, 2014); FINRA Announces ATS Data Website (May 30, 2014); FINRA-Proposed Rule to Adopt Rule 4553 to Establish Fee Schedule for ATS Volume Information (Fed. Reg.) (April 15, 2014).