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FINRA proposed to amend the FINRA Rule 7600B Series to modify the subscriber fees and transaction credits applicable to members that use the FINRA/NYSE Trade Reporting Facility (the "FINRA/NYSE TRF").
within Intellectual Property, International Law, Food, Drugs, Healthcare and Life Sciences topic(s)
FINRA proposed to amend the
FINRA Rule 7600B Series to modify the subscriber fees and
transaction credits applicable to members that use the FINRA/NYSE
Trade Reporting Facility (the "FINRA/NYSE TRF").
The FINRA/NYSE TRF, which is operated by NYSE Market (DE), Inc.,
is one of three FINRA facilities that FINRA members can use to
report over-the-counter ("OTC") trades in NMS stocks
(i.e., generally listed equities). The proposal is
intended to provide additional revenue to the FINRA/NYSE TRF in
order to help offset increased regulatory costs as well as
increased functionality and development costs associated with
FINRA/NYSE TRF's growth in market share.
FINRA filed the proposed rule change for immediate effectiveness
with an operative date of October 1, 2016.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
