DTCC to Provide FINRA Access to Participant Position Reports

Posted on May 28, 2010 by Daren R. Domina

Co-authored by Louis Froelich

The Financial Industry Regulatory Authority and the Depository Trust & Clearing Corporation (DTCC) are establishing a program that will provide FINRA staff with direct and routine access to position reports and similar information that DTCC (and its affiliates and subsidiaries) provides to its participants. Under the arrangement, FINRA staff may make specific information requests regarding a firm that is both a FINRA member firm and a DTCC participant. FINRA and DTCC are planning to develop an automated process for the exchange of such information. Although FINRA currently has access to this information from its member firms, it believes that direct access from DTCC will provide more timely information with greater efficiency.

Click here to read the FINRA Information Notice.

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