FINRA Delays Implementation Date of Expansion of OATS to All NMS Stocks


The Financial Industry Regulatory Authority has delayed the implementation of the new Order Audit Trail System (OATS) recording and reporting requirements for national market system (NMS) stocks to October 3. FINRA was originally slated to begin phasing in the expansion on July 11. According to the Securities and Exchange Commission, FINRA is delaying the implementation date in an effort to give its members sufficient time to make necessary changes to their systems to enable them to comply with the expanded OATS recording and reporting requirements.

Click here to read Securities and Exchange Commission Release No. 34-64369. Click here for information on previous guidance from FINRA regarding the expansion of OATS to all NMS stocks, as reported in the January 14 edition of Corporate and Financial Weekly Digest.

Please see article below.

LOADING PDF: If there are any problems, click here to download the file.

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

Written by:


Katten Muchin Rosenman LLP on:

JD Supra Readers' Choice 2016 Awards
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*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. Or, sign up using your email address.