SEC Approves Amendments to TRACE Reporting Requirements and Dissemination of Agency Pass-Through Mortgage-Backed Securities Traded To Be Announced and Related (FINRA Regulatory Notice)

FINRA Reg. Notice 12-26

The SEC approved amendments to FINRA Rule 6700 Series and TRACE dissemination protocols regarding the reporting and dissemination of transactions in TRACE-eligible securities that are agency pass-through mortgage-backed securities that are traded to be announced (TBA). In addition, the SEC approved amendments to FINRA Rule 7730 regarding TRACE fees to provide for data fees for TBA transaction data. The amendments also include the deletion of the reference to an expired pilot program and minor technical changes.

Effective Date: November 5, 2012

Cross References: Lofchie's Guide to Broker-Dealer Regulation, Chapter 8: Trading; SEC Release No 34-66829, 77 FR 24748 (April 25, 2012) (Order Approving file no. SR-FINRA-2012-020); FINRA Rules 6710, 6730, 6750, and 7730.

For more information about this document, you may contact one of the following Cadwalader attorneys: Steven D. Lofchie; Glen P. Barrentine; Nihal S. Patel.