Proposed Rule Change to Amend Rule 7010(k)(3) Relating to Definition of "Non-Professional" and Use of TRACE Transaction Data

NASD has filed with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to amend the definition of "Non-Professional" in Rule 7010(k)(3)(C)(i), relating to Transaction Reporting and Compliance Engine ("TRACE") transaction data and fees, and add new Rule 7010(k)(3)(A)(iv) to clarify that a natural person who receives and uses TRACE transaction data for his or her personal, non-commercial use will not be charged a TRACE market data professional fee for such use.

TitleFormat - SizeStatus
Text of Proposed Rule ChangePDF - 225.07 KB
Notice of Filing and Immediate EffectivenessPDF - 60.57 KB