MSRB Proposal to Amend RTRS Procedures and Subscription Services Published in the Federal Register

The MSRB proposal to amend the Rule G-14 ("Reports of Sales or Purchases") Real-Time Transaction Reporting System ("RTRS") Procedures and Subscription Services, was published in the Federal Register.

The proposed rule change would:

• expand the application of the existing list offering price in Rule G-14 and RTRS takedown indicator to cases involving distribution participant dealers and takedown transactions that are not at a discount from the list offering price;
• eliminate the requirement for dealers to report yield on customer trade reports and, instead, enable the MSRB to calculate and disseminate yield on customer trades;
• establish a new indicator for customer trades involving non-transaction-based compensation arrangements; and
• establish a new indicator for alternative trading system transactions.

The MSRB proposed that the effective date for the rule change be no later than May 23, 2016. Comments on the proposal are due by April 17, 2015.

See: 80 FR 16466.