NASD Notice to Members 03-36 - June 2003

SEC Approves Amendments to TRACE Rule 6230 to Reduce the Reporting Period to 45 Minutes

Executive Summary

On June 18, 2003, the Securities and Exchange Commission (SEC or Commission) approved amendments to Rule 6230 of the Trade Reporting and Compliance Engine (TRACE) Rules (Rule 6200 Series).1 The amendments to TRACE Rule 6230 reduce the time to report a transaction in a TRACE-eligible security from 75 minutes to 45 minutes. Rule 6230, as amended, is set forth in Attachment A.

 

The amendments to Rule 6230 will become effective on October 1, 2003.

 

Questions concerning this Notice should be directed to tracefeedback.com; Elliot Levine, Chief Counsel, Market Operations, Regulatory Services and Operations, at (212) 858-4174; or Sharon K. Zackula, Assistant General Counsel, Office of General Counsel, Regulatory Policy and Oversight, at (202) 728-8985.