FINRA launches Rule 605 Designated Participant Authorization Form
FINRA introduced an electronic Rule 605 Designated Participant Authorization Form ahead of August 1, 2026 amendments to SEC Reg NMS Rule 605.
Members selecting FINRA as Designated Participant must register and provide hyperlinks to execution quality reports. The change supports expanded Rule 605 disclosures effective August 1, 2026, affecting equity execution transparency.
Operational compliance requirement for broker-dealers ahead of expanded execution quality disclosures.
Action Required
Submit the new authorization form via FINRA Gateway and prepare execution quality reporting under amended Rule 605.
Imminent regulatory deadline with direct impact on order execution reporting infrastructure.
Assign owner to submit FINRA Rule 605 Designated Participant form, validate reporter ID setup, and confirm hyperlink readiness before August 1, 2026.
“FINRA is introducing a new electronic Rule 605 Designated Participant Authorization Form for members to obtain unique reporter identification codes and provide hyperlinks to their Rule 605 execution quality reports, in advance of upcoming amendments effective August 1, 2026.”
Published: 2026-06-18