The Financial Industry Regulatory Authority has issued a Notice summarizing changes to firms’ reporting of positions to the Large Options Positions Report (LOPR) system as the Options Clearing Corporation (OCC) continues to implement the Options Symbology Initiative. Although the threshold for the LOPR will not change, significant changes to the submission of LOPR data and the LOPR layout will affect the reporting of both listed and conventional options positions. The Securities Industry Automation Corporation will no longer accept LOPR data after January 19, 2010, and the OCC will take over the collection and dissemination of all LOPR data. The milestone dates related to the implementation of the new LOPR are listed in the Notice.

For more information on the Options Symbology Initiative, see the July 24 edition of Corporate and Financial Weekly Digest.

Click here to read FINRA Regulatory Notice 09-47.