FINRA Proposed Rule Changes Relating to TRACE Reporting and Dissemination of Transactions in Agency Pass-through Mortgage-Backed Securities Traded in Specified Pool Transactions and SBA-Backed ABS Transactions

FINRA is filing with the SEC a proposed rule change to amend the FINRA Rule 6700 Series and Trade Reporting and Compliance Engine dissemination protocols regarding the reporting and dissemination of transactions in TRACE-Eligible Securities that are: (1) agency pass-through mortgage-backed securities traded in specified pool transactions, and (2) asset-backed securities backed by loans guaranteed as to principal and interest by the Small Business Administration and traded either in Specified Pool Transactions or as TBAs.

Cross-Reference(s): FINRA Rule 6700; see also Lofchie's Guide to Broker-Dealer Regulation, Trading Chapter (for a general discussion of trade reporting requirements).

View proposed rule change in full here (links externally to FINRA website).