The SEC approved FINRA rule amendments to accelerate the reporting on TRACE of transaction information in the market for certain U.S. Treasury Securities.
News & Insights
The SEC adopted two new rules under the Securities Exchange Act to further define the term "as a part of a regular business." The new rules expand the scope of firms that are required to register as broker-dealers and as government securities broker-dealers.
The SEC designated February 7, 2024 as its new deadline to act on FINRA proposed amendments to the Trade Reporting and Compliance Engine rules. The amendments would require FINRA to disseminate information on certain Treasury security transactions.
Senate Banking Committee Ranking Member Tim Scott raised concerns about SEC-proposed rules that expand the dealer registration requirement as to transactions in U.S. Treasury securities.
The SEC adopted a rule that any SEC-registered central clearing agency that provides central clearing of U.S. Treasury securities ("USTs") shall require its members to centrally clear (i) most repurchase and reverse repurchase transactions in USTs to which it is a counterparty and (ii) certain cash market purchases and sales of USTs.