Reporting Agent, Service Bureaus and Self Reporting

• Home


• ISLA & ISLA Americas SEC 10c-1a


• SEC Approved FINRA Rules: 2nd January 2025


• Reporting Compliance


• Reporting Agent, Service Bureaus and Self Reporting

Reporting Agent, Service Bureaus and Self Reporting

Notes and Examples:

Status: TO BE REVIEWED Last Updated: 02 Jan 2025

1. There are a number of flavours of how to report to the SLATE system under 10c-1a being:

   1. Using a Reporting Agent, so this could be, PLATFORM PROVIDER 1, who would be registered with FINRA (RNSA) in order to be labelled a Reporting Agent

      1. There are multiple choices of Reporting Agents

   2. A covered person can actually report directly to SLATE

   3. A covered person can go via what’s called a Service Bureau

      1. Service Bureaus are not registered with FINRA, an example of a Service Bureau this would be PLATFORM PROVIDER 2 who are not registered with FINRA (RNSA)

2. MPID – Market Participant ID:

   1. If Reporting Party is a reporting agent: the Reporting Agent’s Market Participant Identifier MPID.

   2. If the Covered Person is self–reporting, then the Covered Person’s own MPID. 

   3. If a service bureau is reporting for the Covered Person, provide the Covered Person’s MPID. 

   4. If a service bureau is reporting for a Reporting Agent, provide the Reporting Agent’s MPID.