The SEC has approved amendments to FINRA’s reporting requirements for transactions in TRACE-eligible securities other than asset-backed securities. These amendments are associated with FINRA plans to move trade processing for TRACE-eligible securities that are not currently on the multi product platform (MPP) onto the MPP. The affected securities include corporate bonds and agency debt securities. The changes include:
-Firms can report the actual date of execution for transactions executed on non-business days.
-Firms must report the size of a transaction as the total par value or principal value traded.
-Firms must report the total dollar amount of the commission.
-Firms must report the date of settlement.
The amendments and the platform migration will take effect February 6, 2012.
Source: FINRA Regulatory Notice 11-53
This alert applies to the Series 7, Series 24, and Series 62.