FINRA Notice: Reduction of Reporting Times for Agency Pass-through Mortgage-Backed Securities Traded TBA
FINRA is reminding firms of the coming reduction in reporting periods for the timely reporting of transactions in agency pass-through mortgage-backed securities traded TBA for good delivery (MBS TBA transactions GD) and products not traded for good delivery (MBS TBA transactions NGD).
| Current Reporting Requirement until May 17, 2013, 11:59:59 p.m. ET (from time of execution) | Reporting Requirement upon Expiration of the Pilot Program (from time of execution) | |
| MBS TBA transactions GD | 45 minutes | 15 minutes |
| MBS TBA transactions NGD | 120 minutes | 60 minutes |
View Notice in full here (links externally to FINRA website).