CFTC Commissioner Dawn D. Stump outlined "common sense" fixes on position limits, swap execution facilities, the treatment of non-U.S. central counterparty clearing, a cross-border swaps rule and the implementation of initial margin for uncleared swaps.
SIFMA supported a FINRA-proposed pilot program for reporting block trades in corporate bonds. SIFMA cautioned that the complexity of the program "may have significant negative impacts on the corporate bond markets."
FINRA's proposal amending rules on Transaction Reporting of TRACE-Eligible Securities, to extend the reporting period and adopt a new modifier to identify certain transactions, was published in the Federal Register.
As a part of its comprehensive review of swap data reporting regulations, the CFTC approved a proposal intended to improve "the quality of swap data" and the swap data repository operations and governance.
FINRA proposed to amend reporting rules to give members more time to report TRACE transactions that are "executed to hedge a primary market transaction" and to adopt identifiers for these transactions.