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FINRA - Proposed Rule Change to NOT report Transfers of TRACE-Eligible Securities to Create/Redeem Instruments Such As an ETF (SRO filing w/SEC)

A sensible rule change given that creation/redemption of an ETF by deposit of the underlying units is really just a change in the form of ownership rather than an economic trade.

View notice in full here(links externally to SEC website).

Tags

Regulated Activities
Trade Reporting
Sub-Activity
TRACE
Regulated Entities
Broker-Dealers Investment Funds (SEC Registered)
Sub-Entity
ETFs
Regulated Products
Debt
Body of Law
Securities Law
Jurisdiction
US - Federal
Organization
FINRA / MSRB / SEC Exchanges / SIPC / Accountants
Sub-Author
FINRA