FINRA Delays Amendments to Certain TRACE Rules Relating to Agency Pass-Through Mortgage-Backed Securities

In Regulatory Notice 12-26 (May 2012), FINRA announced that amendments to FINRA Rule 6700 Series and TRACE dissemination protocols, and related amendments to FINRA Rule 7730, would become effective on November 5, 2012. Due to disruptions in normal business operations related to Hurricane Sandy, FINRA has changed the effective date of these TRACE rule amendments to November 12, 2012.

Similarly, the expiration dates of the pilot programs in FINRA Rules 6730(a)(3)(D)(i) and 6730(a)(3)(E)(i) regarding the reduction in reporting times for TBA transactions have changed from May 10, 2013 to May 17, 2013. The amended rule text is available here.

Revised Effective Date: November 12, 2012.

View FINRA Regulatory Notice in full here (links externally to FINRA website). See also: Press Release.