SEC Solicits Comment on FINRA Proposed Trade Reporting Rule for NextShares

The SEC granted FINRA's request to waive the 30-day operative delay with respect to FINRA’s proposed amendments to Rule 6184 and designated the proposed rule change to be operative on or about April 4, 2016.

The proposed rule change would require the FINRA/Nasdaq Trade Reporting Facility to provide market participants with a daily file containing the final trade price for each over-the-counter transaction in exchange-traded managed fund shares reported to the facility for public dissemination.

Comments on FINRA’s proposed rule change must be submitted by April 29, 2016. The SEC's designation was published in the Federal Register.