FINRA Files Proposed Rule Change to Extend a TRACE Pilot Program

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 Transactions in TRACE-Eligible Securities That Are Effected Pursuant to Securities Act Rule 144A (July 8, 2013).