FINRA Proposes to Delay TRACE Dissemination Requirements for Asset-Backed Securities

FINRA filed with the SEC a proposed rule change to revise the timeline for the implementation of amended TRACE protocols to disseminate additional Asset-Backed Securities Transactions (SR-FINRA-2013-046). The proposed rule change would provide additional time to complete the technological changes required for the dissemination of the additional securities.

See: Text of Proposed Rule Change.Related news: FINRA Files Amendment No. 1 Regarding Trace Reporting Involving Asset-Backed Securities (February 25, 2014); SEC Announces the Designation of a Longer Period for Commission Action Regarding FINRA-Proposed Rule Change Relating to TRACE Reporting and Asset-Backed Securities (January 13, 2014); FINRA Proposes Rule Relating to TRACE Reporting and the Dissemination of Transactions in Asset-Backed Securities (November 13, 2013).To see all FINRA rule changes, please see the Cabinet Rule Calendars (accessible to Cabinet subscribers only).