OTC Reporting Facility definition
OTC Reporting Facility means the service provided by FINRA for the reporting of equity trades in OTC Equity Securities executed other than on or through an exchange and for trades in Restricted Equity Securities effected under Securities Act Rule 144A and dissemination of last sale reports, as well as comparison for those OTC Equity Securities and Restricted Equity Securities that are eligible for clearance and settlement through the facilities of the National Securities Clearing Corporation.
OTC Reporting Facility means the service provided by FINRA that accommodates reporting for trades in OTC Equity Securities executed other than on or
Examples of OTC Reporting Facility in a sentence
The sale of Shares hereunder was not solicited, is not effected through a broker or dealer, on a securities exchange or through an inter-dealer quotation system or electronic communications network, and will not be reportable to an OTC Reporting Facility or otherwise under rules of the Financial Industry Regulatory Authority, Inc.
LEX reports all trades to the FINRA OTC Reporting Facility (ORF).