Regulatory Notice 18-35

SEC Approves Rule Change to Modify the Dissemination Protocols for Agency Debt Securities

Effective Date: November 19, 2018

Summary

The Securities and Exchange Commission (SEC) approved a rule change to modify the dissemination protocols for transactions in agency debt securities to apply a $5 million dissemination cap uniformly, regardless of the rating assigned to the security. The change will go into effect on November 19, 2018. The new rule text is available on FINRA’s website.

Questions regarding this Notice should be directed to:

  • Alie Diagne, Director, Transparency Services, at (212) 858-4092; or
  • for legal and interpretive questions, Racquel Russell, Associate General Counsel, Office of General Counsel (OGC), at (202) 728-8363, or Cara Bain, Counsel, OGC, at (202) 728-8852.