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Reg Tracker: March 16 through March 31

The Cabinet Regulatory Tracker provides a list of significant effective dates, compliance dates, comment deadlines and filing deadlines. Click on the links below to view deadlines from March 16 through March 31.

Comment Deadlines:

  • March 16: CFTC-proposed Regulation on Automated Trading that would establish a series of risk controls, transparency measures and other safeguards in order to enhance the regulatory regime for automated trading on U.S.-designated contract markets.

  • March 17: FINRA proposal to reduce the synchronization tolerance for members' computer clocks that are used to record events in NMS securities, including standardized options, and OTC Equity Securities.

  • March 17: FINRA proposal to require FINRA members to identify on their Order Audit Trail System reports the identities of certain broker-dealers that are not FINRA members when those members have received orders from such broker-dealers.

  • March 21: FINRA proposals to (i) adopt FINRA Rule 0151 regarding coordination between FINRA and the Municipal Securities Rulemaking Board, as required by the Securities Exchange Act, and (ii) amend FINRA Rule 0150 to better align the language of the rule with the relevant language in the Securities Exchange Act.

  • March 24: FINRA proposal to adjust one of the thresholds that are required to qualify for the Media/Contra fee cap under FINRA Rule 7620A (FINRA/Nasdaq Trade Reporting Facility Reporting Fees).

  • March 28: FINRA proposal to adopt FINRA Rule 4554 that would require alternative trading systems to submit additional order information to FINRA.

  • March 29: Amendment filed with SEC to add the National Stock Exchange as a participant in the Tick Size Pilot Program.

Compliance Dates:

  • March 18: SEC final rule regarding the registration of security-based swap data repositories, which was accompanied by another final rule regarding the requirements for reporting and the public dissemination of security-based swap data and a proposed rule regarding the implementation of Regulation SBSR. The effective date of the SEC final rule is May 18, 2015.

Effective Dates:

  • March 21: Repeal of Regulation AA by the Board of Governors of the Federal Reserve.

  • March 21: MSRB Rule G-18, which establishes the first best-execution rule for transactions in municipal securities, and related amendments to MSRB Rule G-48, on transactions with sophisticated municipal market professionals ("SMMPs"), and MSRB Rule D-15, on the definition of an SMMP, to exempt transactions with SMMPs from the new rule.

  • March 30: FINRA Rule 2272, which governs the sale or offer of sale of securities on the premises of any military installation or to members of the U.S. Armed Forces or their dependents.

  • March 31: Expiration of extended no-action relief for swap execution facility confirmation and recordkeeping requirements (CFTC Letter 14-108).

  • March 31: FERC's revisions to seven FERC-approved critical infrastructure protection ("CIP") Reliability Standards: CIP-003-6 ("Security Management Controls"), CIP-004-6 ("Personnel and Training"), CIP-006-6 ("Physical Security of BES Cyber Systems"), CIP-007-6 ("Systems Security Management"), CIP-009-6 ("Recovery Plans for BES Cyber Systems"), CIP-010-2 ("Configuration Change Management and Vulnerability Assessments"), and CIP-011-2 ("Information Protection").

Filing Deadlines:

  • March 31: FINRA Annual Audit Report filing deadline for fiscal years ending January 31, 2016.

For general information about the Cabinet, please do not hesitate to contact Steven Lofchie.

For more information about individual and enterprise membership pricing, please contact:

William Sadd
[email protected]
(212) 993-2818

Tags

Regulated Products
Swaps / SBS