Regulatory Notice 15-47

SEC Approves Amendments to Require Firms to Add a No-Remuneration Indicator in TRACE Trade Report

Implementation Date: May 23, 2016

Executive Summary

The SEC approved amendments to the Trade Reporting and Compliance Engine (TRACE) rules to require an indicator when the TRACE report does not reflect a commission or mark-up/mark-down. The implementation date for these amendments is May 23, 2016.

The amended rule text is available in the online FINRA Manual.

Questions regarding this Notice should be directed to:

  • Ola Persson, Vice President, Transparency Services, at (212) 858-4796; or
  • Patrick Geraghty, Vice President, Market Regulation, at (240) 386-4973; or
  • Andrew Madar, Associate General Counsel, Office of General Counsel, at (202) 728-8056.