FINRA proposed a three-year extension of its authority under FINRA Rule 7470 to grant certain small broker-dealers exemptions from the Order Audit Trail System ("OATS") recording and reporting requirements with respect to manual orders. Under the proposal, FINRA's exemptive authority would expire on July 11, 2022.
FINRA filed the proposed rule change for immediate effectiveness.
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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.
