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The SEC approved amendments to FINRA Rule 6750 ("Dissemination of Transaction Information") and TRACE dissemination protocols that provide for the dissemination of transactions in TRACE-eligible securities that are affected pursuant to Securities Act Rule 144A ("Private Resales of Securities to Institutions"). In addition, the SEC approved amendments to FINRA Rule 7730 to establish real-time and historic data sets for Rule 144A transactions. In a related rule filing, FINRA amended Rule 7730 to establish the fees for Rule 144A real-time and historic data at the same rates currently in effect

FINRA filed a proposed rule change to extend the pilot program in FINRA Rule 6730(e)(4) ("Transaction Reporting") to October 23, 2015. The pilot program exempts TRACE-Eligible Securities transactions that are executed on a facility of the NYSE from reporting to the Trade Reporting and Compliance Engine ("TRACE"). See: Text of Proposed Rule Change; FINRA Press Release. See also: FINRA Releases FAQ Regarding TRACE Reporting (August 1, 2013); FINRA Announces Increased Transparency in Mortgage-Backed Securities Market through TRACE (July 22, 2013); FINRA Proposed Rule Change: Dissemination of

FINRA filed Amendment No. 1 with the SEC in response to comments it received regarding the proposed rule involving TRACE reporting for asset-backed securities ("ABS"). In the amendment, FINRA proposes to revise FINRA Rule 6750 ("Dissemination of Transaction Information") to include ABS among TRACE-Eligible Securities that FINRA will disseminate publicly.The amendment also proposes to revise certain existing definitions in FINRA's rules and add new definitions in order to delineate the specific ABS that would be subject to dissemination pursuant to Rule 6750. Specifically, FINRA has proposed to

FINRA filed with the SEC a proposed rule change to amend FINRA Rule 6730(e) to expressly exclude from the Trade Reporting and Compliance Engine ("TRACE") trade reporting requirements transfers of TRACE Eligible Securities for the sole purpose of creating or redeeming instruments such as exchange-traded funds ("ETFs"). View release in full here(links externally to FINRA website).

Following an extended comment period, the SEC approved FINRA Rule 2241 governing equity research, and FINRA Rule 2242 governing debt research. New FINRA Rule 2241 incorporates NASD Rule 2711 ("Research Analysts and Research Reports") into the FINRA Rulebook with significant modifications, and amends NASD Rule 1050 ("Registration of Research Analysts") to create an exception from the research analyst qualification requirement. While FINRA's new equity research rules builds on the existing framework of NASD Rule 2711, the new Rule contains an over-arching requirement to adopt policies and