Exam Alert: SEC approves amendments to FINRA TRACE transaction reporting rules

The SEC has approved amendments to transaction reporting rules for FINRA’s TRACE system. Effective May 16, 2011, these amendments cover several Continue reading

The SEC has approved amendments to transaction reporting rules for FINRA’s TRACE system.  Effective May 16, 2011, these amendments cover several specific changes.  Some of these changes address the structure of the text of the rules, as well simplifying definitions and reporting requirements.  The changes add alternative reporting requirements and notification requirements for certain asset-backed securities transactions.  They also add the Financial Information eXchange (FIX) as a method to report transactions to TRACE.

http://www.finra.org/Industry/Regulation/Notices/2011/P123566

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