FINRA Proposed Rule Change: Dissemination of Transactions in TRACE-Eligible Securities That Are Effected Pursuant to Securities Act Rule 144A

FINRA filed with the SEC several rule amendments pertaining to TRACE-eligible securities. The following proposed amendments were made:

(1) FINRA Rule 6750 ("Dissemination of Transaction Information") and the Trade Reporting and Compliance Engine ("TRACE") dissemination protocols regarding the dissemination of transactions in TRACE-Eligible Securities that are effected pursuant to Rule 144A ("Private Resales of Securities to Institutions") under the Securities Act of 1933; (2) FINRA Rule 7730 to establish real-time and historic data sets for Rule 144A transaction data; and (3) FINRA Rule 7730 to clarify the definition of Historic TRACE Data, to clarify other provisions therein and to incorporate other technical amendments.

See: Text of Proposed Rule Change.