Corporate & Financial Weekly Digest

Corporate & Financial Weekly Digest

Tag Archives: TRACE

FINRA Proposes Rule Change Regarding ATS Reporting of Transactions to TRACE

Posted in Broker-Dealer
The Financial Industry Regulatory Authority recently filed a proposed rule change with the Securities and Exchange Commission to amend FINRA Rule 6730 regarding transaction reporting. Currently under Rule 6730, US Treasury Securities transactions executed on an alternative trading system (ATS) must be reported to the Transaction Reporting and Compliance Engine (TRACE) by the ATS itself… Continue Reading

FINRA Proposes to Make New TRACE Security Activity Reports Available

Posted in Broker-Dealer
On June 19, the Financial Industry Regulatory Authority filed a proposed rule amendment that would make new Trade Reporting and Compliance Engine (TRACE) Security Activity Reports available. Currently, FINRA Rule 7730 enumerates the TRACE data products that FINRA offers in connection with TRACE-Eligible Securities (i.e., certain debt and US Treasury securities). Under the amendment, Rule… Continue Reading

FINRA Proposes Rule Change Regarding Trade Modifiers and the Reporting of Transactions in US Treasury Securities

Posted in Broker-Dealer
On June 12, the Financial Industry Regulatory Authority filed with the Securities and Exchange Commission a proposed rule change establishing February 5, 2018, as the date when member firms must begin using new transaction modifiers in connection with reporting transactions in certain US Treasury securities. In October 2016 the SEC approved changes to the FINRA… Continue Reading

FINRA Updates Web API Specifications for the TRACE Securitized Products

Posted in Broker-Dealer
The Financial Industry Regulatory Authority recently released a document outlining updates to the TRACE Web Application Programming Interface (API). This new update, Version 5.0, affects only securitized products. As mentioned in the FINRA Regulatory Notice, effective May 16, 2011, securitized products include asset-backed securities, mortgage-backed securities and other similar securities. The document provides the new… Continue Reading

SEC Approves FINRA’s TRACE Amendments for CMO Transactions

Posted in Broker-Dealer
The Securities and Exchange Commission has approved the Financial Industry Regulatory Authority’s amendments to its Trade Reporting and Compliance Engine (TRACE) rules to provide for dissemination of transactions in collateralized mortgage obligations (CMOs), and to reduce the reporting time for CMO transactions. Specifically, FINRA will disseminate trade-by-trade information relative to CMO transactions valued under $1… Continue Reading

SEC Approves FINRA’s TRACE Amendments for US Treasury Securities

Posted in Broker-Dealer
The Securities and Exchange Commission has approved the Financial Industry Regulatory Authority’s amendments to its Trade Reporting and Compliance Engine (TRACE) rules to provide for reporting of transactions in “US Treasury securities,” which includes all securities issued by the US Treasury Department, with the exception of savings bonds. As a consequence, the TRACE reporting requirements… Continue Reading

FINRA Issues Notice Reminding Member Firms of “Time of Execution” Reporting

Posted in Broker-Dealer
On August 10, the Financial Industry Regulatory Authority issued Regulatory Notice 16-30, which reminds member firms of their obligations to accurately enter a transaction’s “time of execution” on Trade Reporting and Compliance Engine (TRACE) reports. FINRA Rule 6730(c) (Transaction Information to Be Reported) requires “parties to a transaction” involving TRACE-eligible securities to report the transaction’s… Continue Reading

FINRA Proposes To Require Members To Report Transactions in US Treasury Securities to TRACE

Posted in Broker-Dealer
On July 19, the Financial Industry Regulatory Authority filed a proposed rule change with the Securities and Exchange Commission to amend its Trade Reporting and Compliance Engine (TRACE) reporting rules to require the reporting of transactions in all US Treasury Securities other than US savings bonds. This proposal would include transactions in US Treasury bills,… Continue Reading

FINRA Requests Comment on Revised Price Disclosure Information Standards for Corporate and Agency Debt Securities

Posted in Broker-Dealer
The Financial Industry Regulatory Authority issued a regulatory notice requesting comment to revisions on a proposed rule that would enhance information disclosure standards for retail-size customer trades of corporate and agency debt securities. The proposed rule would require a firm engaged in these transactions to disclose on every customer confirmation the price to the customer,… Continue Reading

FINRA Proposes Changes to the Reporting Requirements for TRACE-Eligible Securities

Posted in Broker-Dealer
On July 2, the Financial Industry Regulatory Authority proposed to amend FINRA Rule 6730 (Transaction Reporting) to require member firms to report transactions in eligible securities that are subject to dissemination to the Trade Reporting and Compliance Engine (TRACE) as soon as practicable. FINRA Rule 6730 currently provides that each member firm that is a… Continue Reading