SEC Approves Amendments to FINRA Rule 6730(d)(2) Requiring Firms to Report Factor in ABS Transactions Executed in Agency Capacity (FINRA Regulatory Notice 13-15)

The SEC approved amendments to FINRA Rule 6730(d)(2) to require firms to report to TRACE the factor for each transaction in an asset-backed security (ABS) (except an ABS traded To Be Announced (TBA)), in the limited instances when firms effect such transactions as agent and charge a commission.

The amended rule text is set forth in Attachment A of the attached notice.

Effective Date: July 22, 2013.

Click hereto view regulatory notice in full (links externally to FINRA website).