United States:
FINRA Extends Pilot Deadline For Transactions In Exchange-Listed Securities In 2020
24 October 2019
Cadwalader, Wickersham & Taft LLP
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FINRA filed a proposed rule change to extend its
current pilot program for reviews of clearly erroneous transactions
in exchange-listed securities until April 20, 2020. The current
pilot program is due to expire on October 18, 2019. The proposed
change is effective immediately.
FINRA stated that extending the pilot program under FINRA Rule 11892 will provide the agency and
other national securities exchanges more time to consider a
permanent rule proposal.
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