On January 23, 2007 RTS launched the new OTC Trade Reporting service compliant to the FFMS Regulation ?06-67.
According to the Regulation dating from January 24, 2007 all the brokers, dealers, asset managers, investment stock funds and investment/pension fund management companies have to report to a stock exchange every securities purchase or sale (excluding REPOs) executed off the organized markets if the securities are included into a quotation list of at least one stock exchange.
Till July 1, 2007 an OTC trade report has to be submitted to an exchange no later than 18:00 local time on the day T+1. Starting from July 1, 2007 an OTC trade has to be reported in 15 minutes.
OTC trade reporting is not obligatory if the securities being bought or sold are:
- not listed at any stock exchange registered in Russian federation.
- admitted to trading at the stock exchanges without being included into a quotation list.
RTS provides all the professional participants of the securities market with an option to report OTC trades using two interfaces:
- Via the trading system RTS Plaza (API is supported);
- Via the RTS Electronic Document Interchange system.
The information about the OTC trades reported to RTS is disclosed as required by the FFMS Regulation ?06-68 on the RTS web-site (link: http://www.rts.ru/?tid=825 ).
