The SEC requested comments on a FINRA proposal to amend FINRA Rules 6710 and 6730 for reporting transactions in U.S. Treasury Securities on the Trade Reporting and Compliance Engine ("TRACE"). The amendment clarifies the definitions of "Auction Transaction" and "When-Issued Transaction." The request for comments was published in the Federal Register. The proposal is effective immediately. Comments on the FINRA proposal must be submitted by January 17, 2017.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.