Regulatory Notice 12-26

SEC Approves Amendments to TRACE Reporting Requirements and Dissemination of Agency Pass-Through Mortgage-Backed Securities Traded To Be Announced and Related Fees

 

Effective Date: November 5, 2012

Executive Summary

The SEC approved amendments to FINRA Rule 6700 Series and TRACE dissemination protocols regarding the reporting and dissemination of transactions in TRACE-eligible securities that are agency pass-through mortgage-backed securities that are traded to be announced (TBA transactions). In addition, the SEC approved amendments to FINRA Rule  7730 regarding TRACE fees to provide for data fees for TBA transaction data. The amendments also include the deletion of the reference to an expired  pilot program and minor technical changes. The effective date is  November 5, 2012.

 

The amended rule text is available at www.finra.org/notices/12-26.

 

Questions regarding this Notice may be directed to:

  • Patrick Geraghty, Director, Market Regulation, at (240) 386-4973;
  • Elliot Levine, Associate Vice President and Counsel, Transparency Services, at (202) 728-8405; or
  • Sharon Zackula, Associate Vice President and Associate General Counsel, Office of General Counsel, at (202) 728-8985.