FINRA Proposes New Trade Reporting Facility Fees Rule

Detected February 6th, 2026

Summary

FINRA has proposed a new rule, FINRA Rule 7660B, to establish fees for FINRA members who do not use the FINRA/NYSE Trade Reporting Facility but purchase specified services. This proposal is open for public comment.

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What changed

FINRA is proposing to adopt new Rule 7660B, which would establish a new fee for FINRA members that do not directly use the FINRA/NYSE Trade Reporting Facility (TRF) but opt to purchase specific services from it. This proposed rule change aims to align fees with the utilization of TRF services by non-participants.

The practical implication for broker-dealers is the potential for new or adjusted fees if they utilize services from the FINRA/NYSE TRF without being direct participants. FINRA is seeking public comment on this proposed rule change, and affected parties should review the proposal and consider submitting comments by the specified deadline to influence the final rule.

Source document (simplified)

SR-FINRA-2026-003

Proposed Rule Change to Adopt FINRA Rule 7660B (FINRA/NYSE Trade Reporting Facility Fees for Non-Participants)

Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“Commission”) a proposed rule change to adopt FINRA Rule 7660B (FINRA/NYSE Trade Reporting Facility Fees For Non-Participants) to establish a new fee applicable to FINRA members that do not use the FINRA/NYSE Trade Reporting Facility (“FINRA/NYSE TRF”) for trade reporting but elect to purchase specified services.
| Title | Format - Size | Status |
| --- | --- | --- |
| Text of the Proposed Rule Change | PDF - 236.46 KB | |
| Notice of Filing and Immediate Effectiveness | PDF - 211.14 KB | |