Notice to Members 06-01 - January 2006

SEC Approves Immediate Dissemination of Information on TRACE Transactions; Effective Date: January 9, 2006

Executive Summary

On December 28, 2005, the Securities and Exchange Commission (SEC or Commission) approved amendments to Rule 6250 of the Rule 6200 Series, also known as the Trade Reporting and Compliance Engine (TRACE) rules.1 The amendments to Rule 6250 provide that information on all transactions in TRACE-eligible securities be disseminated immediately upon receipt, except those transactions in TRACE-eligible securities that are purchased or sold pursuant to Rule 144A under the Securities Act of 1933 (Securities Act) (Rule144A transactions). Rule 6250, as amended, is set forth in Attachment A.

 

The amendments become effective on January 9, 2006.

 

Questions concerning this Notice should be directed to TRACE; Elliot Levine, Chief Counsel, Transparency Services, Markets, Services and Information, at (202) 728-8405; or Sharon K. Zackula, Associate General Counsel, Office of General Counsel, Regulatory Policy and Oversight, at (202) 728-8985.

 

1 See Securities Exchange Act Release No. 53031 (December 28, 2005), 71 Fed. Reg. 634 (January 5, 2006) (SR-NASD-2005-120)