Technical Notice

TRACE-MSRB Cusips

April 12, 2019

It has come to FINRA’s attention that the securities listed below have been set up on FINRA’s TRACE system, but have previously also been identified as municipal securities. As a result, transactions in many of these securities have been reported to both TRACE and the MSRB’s Real-Time Transaction Reporting System (RTRS).

In light of the above, FINRA contacted several of these securities’ underwriters, who have determined that the securities meet the definition of “TRACE-Eligible Security” under FINRA rules. Accordingly, FINRA notes that transactions in these securities must be reported to TRACE:

106238GK8 BRAZOS TEX HIGHER ED AUTH INC
106238GW2 BRAZOS TEX HIGHER ED AUTH INC
106238HG6 BRAZOS TEX HIGHER ED AUTH INC
106238HT8 BRAZOS TEX HIGHER ED AUTH INC
106238JA7 BRAZOS TEX HIGHER ED AUTH INC
106238JP4 BRAZOS TEX HIGHER ED AUTH INC
106238KB3 BRAZOS TEX HIGHER ED AUTH INC
106238KL1 BRAZOS TEX HIGHER ED AUTH INC
106238KQ0 BRAZOS TEX HIGHER ED AUTH INC
130178B21 CALIFORNIA EDL FACS AUTH REV
837151AB5 SOUTH CAROLINA ST PUB SVC AUTH

Please note that there may be certain data and disclosures related to the above securities displayed on MSRB’s Electronic Municipal Market Access website (EMMA®).

Please review the CUSIPs your firm trades to ensure that transactions in all securities that meet the definition of “TRACE-Eligible Security” are reported to FINRA’s TRACE system in accordance with FINRA Rule 6730(a)(7). 

For questions on this notice, please contact FINRA Market Operations at 1-866-776-0800.