Regulatory Notice 15-04

FINRA Requests Comment on a Proposal to Disseminate Additional Securitized Products and to Reduce the Reporting Time Frame for These Products

Comment Period Expires: April 10, 2015

Executive Summary

FINRA is soliciting comment on a proposal to expand dissemination of TRACE data to include additional Securitized Products, specifically, collateralized mortgage obligations (CMOs), commercial mortgage-backed securities (CMBSs) and collateralized debt obligations (CDOs). FINRA is proposing to reduce the reporting time frame for these additional Securitized Products from end-of-day to 45 minutes and, after nine months, to 15 minutes. FINRA also is proposing to simplify the reporting requirement for pre-issuance CMOs.

The proposed rule text is attached as Appendix A.

Questions regarding this Notice should be directed to:

  • Ola Persson, Vice President, Transparency Services, at (212) 858-4796;
  • Elliot Levine, Associate VP & Counsel, Transparency Services, at (202) 728-8405;
  • Racquel Russell, Associate General Counsel, Office of General Counsel (OGC), at (202) 728-8363; or
  • Alexander Ellenberg, Assistant General Counsel, OGC, at (202) 728-8152.
The views, expressions, findings and opinions expressed in the comments on this Web page are solely those of the author(s) and FINRA accepts no responsibility for the content of the comments: 
DateCommenterFormat - Size
4/7/2015The Financial Information ForumPDF - 281.07 KB
4/9/2015Bond Dealers of AmericaPDF - 94.48 KB
4/10/2015Association of Institutional INVESTORSPDF - 64.8 KB
4/10/2015BloombergPDF - 33.91 KB
4/13/2015SIFMAPDF - 452.42 KB