SEC Approves Amendments to Require Firms to Identify Transactions with Nonmember Affiliates in TRACE Trade Reports (FINRA Reg. Notice 15-14)

The SEC approved a FINRA amendment to the TRACE rules that implements a new contra-party type for use by firms in identifying transactions with nonmember affiliates.

The amendment also requires firms to identify transactions with nonmember affiliates separately when they occur within the same day, at the same price and in the same security as a trade with another contra-party.

The amendment will become effective on November 2, 2015.

See: FINRA Reg. Notice 15-14.Related news: FINRA Delays Implementation Date of Approved Trade Reporting Amendments (Fed. Reg.) (April 30, 2015); SEC Grants Approval of FINRA's Amendments to TRACE Rules (Fed. Reg.) (March 17, 2015).