Trade Reporting Notice - 7/28/08

FINRA Extends Effective Date of Modifications to the TRACE System to November 3, 2008

FINRA is changing the effective date for reporting equity-linked notes from August 4, 2008, to November 3, 2008. This extension does not affect any other securities discussed in FINRA's February 22 Trade Reporting Notice. FINRA believes that extending the effective date will permit firms to make all necessary changes to their systems, to test the modifications with FINRA prior to November 3 (during scheduled testing dates to be identified by FINRA) and to make system modifications after testing as necessary to comply with TRACE reporting requirements as of November 3.

Questions concerning this Notice should be directed to:

  • FINRA Operations, at (866) 776-0800;
  • Elliot Levine, Chief Counsel, Transparency Services, at (202) 728-8405;
  • Patrick Geraghty, Director, Market Regulation, at (240) 386-4973; or
  • Office of General Counsel, at (202) 728-8071.