• FINRA issued Regulatory Notice 21-19: FINRA requests comment on short interest position reporting enhancements and other changes related to short sale reporting.

Short Sale Reporting Proposal

• Modifications proposed to FINRA short interest reporting requirements, to consolidate publication of short interest data reported to FINRA for both listed, unlisted securities.
• Considered changes to data fields firms required to complete, additional data points.
• Additional data points included proprietary, customer account categorization; account-level position data; synthetic short positions; loan obligations from arranged financing;
• Also, total shares outstanding (TSO) and public float; and new threshold security field.
• Requiring firms report short interest data more frequently (daily/weekly) considered.
• Reduced processing time involved in disseminating short interest data was proposed.
• New rule proposed to require that participants of a registered clearing agency report to FINRA information on allocations to correspondent firms of fail-to-deliver positions.
• Effectiveness
• Comments on proposed enhancements to short sale reporting, due by 30 September 2021.