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SR-FINRA-2008-040 |
Proposed Rule Change Relating to Elimination of the Requirement to Report Yield to TRACE and Addition of Yield Calculated by TRACE System in Disseminated Data
Financial Industry Regulatory Authority, Inc. ("FINRA") (f/k/a National Association of Securities Dealers, Inc. ("NASD")) is filing with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to: (a) amend NASD Rule 6230(c) to eliminate the requirement to report yield to the Trade Reporting and Compliance Engine ("TRACE") system ("TRACE System") when a member reports a transaction in a TRACE-eligible security and (b) implement a policy to disseminate yield as calculated by the TRACE system ("Standard yield") in TRACE data.
