United States:
Federal Register: FINRA Extends Pilot Deadline For Transactions In Exchange-Listed Securities
07 November 2019
Cadwalader, Wickersham & Taft LLP
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A FINRA rule proposal extending its current pilot program for
reviews of clearly erroneous transactions in exchange-listed
securities was published in the Federal Register. The rule is
immediately effective, however FINRA is requesting comments on the
rule proposal until November 14, 2019.
As previously covered, FINRA stated that
extending the pilot program to April 20, 2020 will provide the
agency and other national securities exchanges with more time to
consider a permanent rule proposal.
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.
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