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FINRA Provides Q&As on Amended TRACE Reporting Requirements for Certain Treasury Securities

FINRA provided Q&A guidance on amendments to TRACE reporting rules for certain transactions in U.S. Treasury securities.

As previously covered, FINRA amended Rule 6730 ("Transaction Reporting of TRACE-Eligible Securities") to (i) give members more time to TRACE-report transactions in U.S. Treasury securities that are "executed to hedge a primary market transaction," and (ii) adopt identifiers for these transactions. FINRA provided FAQs regarding the application of TRACE reporting requirements to these transactions. The effective date is June 1, 2020.

Primary Sources

  1. FINRA Regulatory Notice 19-30: TRACE Reporting of Transactions in U.S. Treasury Securities - SEC Approves Amendments Relating to Transactions in U.S. Treasury Securities Executed to Hedge Primary Market Transaction (September 19, 2019)

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Tags

Regulated Activities
Trade Reporting
Sub-Activity
TRACE
Regulated Entities
Broker-Dealers
Regulated Products
US Government Securities Debt
Body of Law
Securities Law
Jurisdiction
US - Federal
Organization
FINRA / MSRB / SEC Exchanges / SIPC / Accountants
Sub-Author
FINRA