The SEC extended consideration of a proposed rule change to shorten the time allowed for post-trade reporting of debt securities. The date to approve or disapprove the proposed rule was extended to April 24, 2024.
News & Insights
In comments in response to FINRA's and MSRB's proposal to shorten the time allowed for post-trade reporting in debt securities, SIFMA recommended that FINRA and MSRB reconsider if a one-minute trade reporting requirement is appropriate for fixed income markets.
SEC Commissioner Caroline A. Crenshaw recommended additional regulation on the fixed income and options markets.
A broker-dealer settled FINRA charges for failing to accurately report non-broker-dealer customers' transactions to the Trade Reporting and Compliance Engine.
SEC Chair Gary Gensler previewed current and future agency efforts to further regulate the "$50 trillion-plus U.S. bond markets." Mr. Gensler asserted that the fixed income markets need (i) greater transparency, (ii) additional rules for electronic platforms and (iii) to increase financial resiliency.