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SIFMA Letter to FINRA Says TRACE Is Good As Is

SIFMA issued the attached letter to FINRA regarding the dissemination of information regarding TRACE-eligible securities transactions. In the letter, SIFMA made the following recommendations, in effect advising that the status quo be maintained:

(i) do not increase dissemination caps for investment grade TRACE-eligible securities or non-investment grade TRACE-eligible securities;(ii) postpone any recalibration of dissemination caps for TBA transactions until the market impact is known; and (iii) do not publicly disseminate Rule 144A transactions for the time being.

Click hereto view letter in full (links externally to SIFMA website).

Tags

Regulated Activities
Trade Reporting
Sub-Activity
TRACE
Regulated Entities
Broker-Dealers
Regulated Products
Debt
Body of Law
Securities Law
Jurisdiction
US - Federal
Organization
Trade / Industry Associations
Sub-Author
SIFMA