FINRA Files Rule Change Relating to Reporting of Options Positions Traded in Concert (Fed. Reg.)

FINRA filed an amendment to FINRA Rule 2360(b)(5) with the SEC. The amendment requires broker-dealers to aggregate options positions in accounts acting in concert, and does so for the purpose of determining whether the accounts meet the 200-contract threshold for making a large options position report. The FINRA filing states that the rule change codifies an existing interpretive position of FINRA's, and reflects the equivalent rules of the U.S. options exchanges.

Although the proposed amendment is effective immediately, comments may be submitted until January 13, 2015.

See: 79 FR 77079. Related news: FINRA Proposes to Amend Rules Relating to the in-Concert Reporting of Options Positions (December 11, 2014).