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FINRA Urges Members to Prepare for OTCBB Cessation

In a technical notice, FINRA urged members and vendors to prepare for the upcoming closure of the OTC Bulletin Board ("OTCBB") – the FINRA-operated inter-dealer quotation system – and the deletion of related rules. FINRA clarified that while the retirement date remains unestablished, it might be set for as early as the fourth quarter of 2021.

FINRA recommended that members promptly assess any OTCBB-related connections, including use of the Bulletin Board Dissemination Service data feed.

Primary Sources

  1. FINRA Technical Notice: Upcoming Retirement of the OTC Bulletin Board (OTCBB)

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Tags

Regulated Activities
Trading
Sub-Activity
Quotations in OTC Equities
Regulated Entities
Broker-Dealers Markets
Sub-Entity
OTCBBs
Regulated Products
Equities
Body of Law
Securities Law
Jurisdiction
US - Federal
Organization
FINRA / MSRB / SEC Exchanges / SIPC / Accountants
Sub-Author
FINRA