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We are FINRA members that only receive orders for securities that are not reportable to OATS. What are our requirements with regards to recording time under the OATS Rules?

April 26, 2017FINRA members oats orders recording regards reportable requirements securities

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We are FINRA members that only receive orders for securities that are not reportable to OATS. What are our requirements with regards to recording time under the OATS Rules?

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You must record all times required under the FINRA rules or By-laws from a synchronized clock. You are not required to record the time to the second for events that are not reportable to OATS. For events that must be reported to OATS, the time must be recorded in hours, minutes, and seconds.