FINRA Proposes Amendments Regarding Fees for OTC Reporting Facility and Historical Research (Fed. Reg.)

FINRA-proposed immediately effective amendments regarding FINRA Rule 7710 relating to fees for the OTC Reporting Facility ("ORF"), as well as the deletion of Rule 7740 relating to historical research and administrative reports, were published in the Federal Register.

These amendments concern the migration of the ORF to FINRA's Multi-Product Platform ("MPP"). Prior to migration to the MPP, FINRA's Trade Reporting and Compliance Engine, Alternative Display Facility, and ORF operated on separate technology platforms. The ORF will migrate to the MPP on September 15, 2014, therefore necessitating amendments to certain rules relating to the ORF.

While the amendments have been deemed noncontroversial and are therefore immediately effective, comments can be submitted until August 7, 2014.

See: 79 FR 41711.Related news: FINRA Proposes Amendments Regarding Fees for OTC Reporting Facility and Historical Research (July 2, 2014).