Exam Alert: TRACE pilot program for reporting asset-backed securities transactions to end

On November 18, 2011, a TRACE pilot program for reporting transactions in asset-backed securities will end. This shifts the old next-day reporting requirement to the new same-day reporting requirement for transactions in asset-backed securities that are executed before 5 PM ET. Continue reading

On November 18, 2011, a TRACE pilot program for reporting transactions in asset-backed securities will end.  This shifts the old next-day reporting requirement to the new same-day reporting requirement for transactions in asset-backed securities that are executed before 5 PM ET.  Transactions that happen after 5 PM ET will still be reported on the next day.

Source: Trade Reporting Notice – 11/7/11

Relevant to the Series 62 and the Series 24.

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