Comment Deadline Set for FINRA Proposal to Adopt New OTC and NMS Security Reporting Requirements

Comments on a FINRA proposal to establish new order routing disclosure report publication requirements for over-the-counter ("OTC") and National Market System ("NMS") equity securities orders are due by December 27, 2022. The Notice was published in the Federal Register.

As previously covered, the proposal would require broker-dealers to "(i) publish order routing reports for orders in OTC Equity Securities, and (ii) submit their order routing reports for both OTC Equity Securities and NMS Securities to FINRA for publication on the FINRA website."