FINRA Aligns Rules with SEC's Timestamp Leniency Until 2030
Published Date: 7/22/2025
Notice
Summary
FINRA is updating its rule about how precise trade timestamps need to be, matching a recent SEC exemption that extends the relaxed timing rules until 2030. This change affects financial firms that report trade data, giving them more time to comply without rushing costly upgrades. The update is effective immediately, so firms can keep using the simpler timestamp rules for the next five years.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Timestamp Exemption Extended to 2030
If you are an Industry Member (a firm that trades NMS or OTC Equity Securities and reports to the Consolidated Audit Trail), FINRA updated Rule 6860 so that the exemptive rule requiring truncation of timestamps at the nanosecond level continues until April 8, 2030. The amendment is operative upon filing (filed July 16, 2025), so firms can continue truncating finer-than-nanosecond timestamps rather than rounding and do not need to implement stricter timestamp changes immediately.
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