FINRA and ISG Extend Effective Date for Certain Electronic Blue Sheet Data Elements


The Securities and Exchange Commission recently extended the compliance date for the broker-dealer recordkeeping, reporting and monitoring requirements of the Large Trader Reporting Rule from May 1, 2013 to November 1, 2013. To align with this new compliance date, the Financial Industry Regulatory Authority and other US members of the Intermarket Surveillance Group (ISG Members) have extended the effective date to submit certain new data elements for Electronic Blue Sheets (EBS) that were previously identified in Regulatory Notice 12-47. Specifically, broker dealers must be in EBS reporting compliance for the Order Execution Time, Large Trader Identification Numbers 1 through 3 and Large Trader Identification Qualifier fields by November 1, 2013. With respect to EBS requests from FINRA and other ISG Members, the data elements identified in Regulatory Notice 12-47 are unchanged and must be populated by November 1, 2013. In addition, minor modifications have been made to the EBS record layout from the version published in Regulatory Notice 12-47.

Click here for the FINRA notice.


Written by:

Published In:


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Katten Muchin Rosenman LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.