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
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.