Regulatory Alerts2026-06-17 | Information Notice 6/17/26Added · Updated
New Rule 605 Designated Participant Authorization Form
FINRA introduces a new electronic Rule 605 Designated Participant Authorization Form, available via the FINRA Gateway beginning June 17, 2026, to replace the previous PDF submission method. All members required to publish Rule 605 reports who select FINRA as their Designated Participant must submit this form to obtain a unique four-character alphabetic Reporter Identification Code and provide hyperlinks to their execution quality reports. The requirement applies to both new entities subject to amended Rule 605 and existing market centers, with separate forms and codes mandated for each distinct reporting function such as ATS or SDP operations. This process aligns with amendments to SEC Rule 605 and the Rule 605 NMS Plan effective August 1, 2026.