Regulatory Notice 10-23

SEC Approves Reporting Asset-Backed Securities Transactions to TRACE and Related Fees; Effective Date: February 14, 2011

Executive Summary

Effective February 14, 2011, firms must begin reporting asset- and mortgage-backed securities transactions to TRACE. FINRA will not disseminate the data; it will collect and study the transaction data and may propose to disseminate it in the future.

 

In addition, reporting fees for asset- and mortgage-backed securities transactions, and other related amendments to TRACE and FINRA rules will go into effect on this day.

 

The amended rule text is available at www.finra.org/notices/10-23.

 

Questions regarding this Notice should be directed to:

 

  • Patrick Geraghty, Director, Market Regulation, at (240) 386-4973;
  • Elliot R. Levine, Associate Vice President and Counsel, Transparency Services, at (202) 728-8405; or
  • Sharon Zackula, Associate Vice President and Associate General Counsel, Office of General Counsel, at (202) 728-8985.

The new effective date for reporting asset-backed securities to TRACE is May 16, 2011. See Regulatory Notice 10-55.