FINRA proposes rule change for overnight transaction reporting exception

Detected February 26th, 2026

Summary

FINRA has filed a proposed rule change with the SEC to amend rules governing transaction reporting. The proposal seeks to provide a limited, temporary exception for reporting specified overnight transactions before 8:00 a.m. Eastern Time.

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What changed

FINRA is proposing a rule change (SR-FINRA-2026-005) to amend FINRA Rules 6380A and 6380B, which govern the operation of Trade Reporting Facilities (TRFs). The proposed change would introduce a temporary exception allowing specified overnight transactions to be reported after 8:00 a.m. Eastern Time, rather than before.

This proposal is currently open for consultation with the SEC. Broker-dealers that utilize TRFs for transaction reporting should review the proposed amendments and consider submitting comments to the SEC by the specified deadline. Failure to comply with reporting requirements, even with potential exceptions, could lead to regulatory scrutiny.

Source document (simplified)

SR-FINRA-2026-005

Proposed Rule Change to Amend FINRA Rules 6380A and 6380B (Transaction Reporting) to Provide a Limited, Temporary Exception from Reporting Specified Overnight Transactions Prior to 8:00 a.m. Eastern Time

Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend FINRA Rules 6380A and 6380B regarding the operation of the FINRA/Nasdaq Trade Reporting Facility Carteret, the FINRA/Nasdaq Trade Reporting Facility Chicago, and the FINRA/NYSE Trade Reporting Facility (the “Trade Reporting Facilities” or “TRFs”) to provide a limited, temporary exception from reporting specified overnight transactions prior to 8:00 a.m. Eastern Time (“E.T.”).

| Title | Format - Size | Status |
| --- | --- | --- |
| Text of the Proposed Rule Change | PDF - 451.57 KB | New |