Regulatory Notice 12-48

FINRA Changes the Effective Date for Amendments to TRACE Rules Relating to the Reporting and Dissemination of Agency Pass-Through Mortgage-Backed Securities Traded To Be Announced and Related TRACE Fees in FINRA Rule 7730 from November 5, 2012, to November 12, 2012

Revised Effective Date: November 12, 2012

On May 21, 2012, in Regulatory Notice 12-26 (May 2012), FINRA announced that 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) (TBA transactions) and related amendments to FINRA Rule 7730 regarding TBA transaction data fees would become effective on November 5, 2012. Due to disruptions in normal business operations related to Hurricane Sandy, FINRA has changed the effective date of these TRACE rule amendments from November 5, 2012,  to November 12, 2012.

Similarly, the expiration dates of the pilot programs in FINRA Rules 6730(a)(3)(D)(i) and 6730(a)(3)(E)(i) regarding the reduction in reporting times for TBA transactions have changed from May 10, 2013, to May 17, 2013. The amended rule text with the updated pilot program expiration dates is available at

Questions regarding this Notice may be directed to:

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

Related Documents: 

DateTitleFormat - Size
Attachment to Regulatory Notice 12-48PDF - 59.88 KB