FINRA Trade Reporting Notice on Fractional Share Transactions

On March 22, 2024, FINRA published a Trade Reporting Notice to announce an upcoming change to the TRF and ORF systems to support reporting of fractional share quantities. The effective date will be no earlier than the first calendar quarter of 2025. This notice will be discussed during the following FIF calls this week: Front Office Committee (Tuesday at 11 am ET); Data and Technology Committee (Wednesday at 10 am ET); and CAT Transaction Reporting Working Group (Wednesday at 2 pm ET).

POSTED Mar 25,2024

Rule 606 Working Group: Call with FINRA on Implementation of FINRA Rule 6151

On Monday March 18 at 3 pm ET, FINRA is hosting a call for FIF members. The call will provide a forum for a discussion of Rule 6151 recently adopted by FINRA, which requires industry members to submit their Rule 606(a) reports to FINRA. FINRA will have representatives from its Office of General Counsel and its Market Regulation and Technology groups participating on the call. FIF has forwarded the invitation for the call to all FIF Rule 606 Working Group members. For additional detail about the implementation of Rule 6151, please refer to FINRA Regulatory Notice 24-05.

POSTED Mar 18,2024

Back Office Committee

The Back Office Committee will have its next call on Tuesday March 19 at 11 am ET to review applicable FICC, DTC, NSCC, SEC, MSRB, OCC, IRS and FINRA updates during the past month.

POSTED Mar 18,2024

© 2024 Financial Information Forum

Press enter to search
Press enter to search

Interested in joining us?

Download membership kit

Key Reasons to Join

  1. Stay informed on Current Regulatory and Market Initiatives
  2. Drive Industry Issues to Successful Resolution
  3. Impact the implementation timing and methodology of new rules
  4. Apply FIF Insight Within Your Firm