The U.S. Treasury Department ("Treasury") final rule amending the Large Position Reporting rules ("LPR Rules") was published in the Federal Register. The technical amendments to the LPR Rules provide the Treasury with the flexibility to specify where and how large position reports in Treasury securities are to be filed. Under the LPR Rules, the Treasury may issue a public announcement (which is subsequently published in the Federal Register) requiring a person who controls a 10 percent or more interest in a particular Treasury security to file a large position report with the Treasury. Under
The FINRA proposal would mandate that alternative trading systems report the identities of non-FINRA subscribers that are parties to Treasury securities trade transactions.
SEC Chair Jay Clayton emphasized the importance of regulatory coordination and access to data in the Treasury market.
FINRA reminded firms that they will be required to report transactions executed in U.S. Treasuries to TRACE beginning July 10, 2017.
Two Citigroup Global Markets Inc. traders settled CFTC charges that they engaged in spoofing in U.S. Treasury futures markets.