90-Day Transition Period for Adding "D" to OTC Equity Symbols Subject to Corporate Actions

Effective with the Thursday, November 20, 2014, OTC Daily List, FINRA will reinstate the practice of appending "D" to the root symbol of all OTC equity securities subject to a reverse split and forward split with a CUSIP change. As announced on FINRA's ORF migration industry calls, FINRA discontinued this practice, and as of November 17, 2014, as part of the migration of the OTC Reporting Facility to FINRA's Multi-Product Platform, began adding a "Subject to Corporate Action" flag as detailed in the ORF technical specifications.

For a 90-day transition period, FINRA will reinstate the practice of appending "D" as a fifth character symbol to all OTC equity symbols of issues subject to a reverse split and forward split with a CUSIP change  in addition to continuing to use the "Subject to Corporate Action" flag.

Effective Thursday, February 19, 2015, FINRA will only use the "Subject to Corporate Action" flag to identify OTC equity issues that are subject to a reverse split and forward split with a CUSIP change and will no longer append "D" to these issues.

For more information please contact FINRA Market Operations at (866) 776-0800 and by email.