Federal Register: FINRA Expands Application of TRACE Reporting Rules
The SEC granted accelerated approval of a FINRA proposal to expand the scope of the Trade Reporting and Compliance Engine ("TRACE") reporting rules. The proposed rules would include most secondary market transactions in marketable U.S. Treasury Securities. The SEC request for comments on the proposal was published in the Federal Register.
FINRA elaborated that the approved proposal, as revised by Amendment No. 1, clarifies the use of certain modifiers on trade reports.
Comments on the approved proposal, as amended, must be submitted by November 14, 2016.
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