Regulatory Notice 13-15

SEC Approves Amendments to FINRA Rule 6730(d)(2) Requiring Firms to Report Factor in Asset-Backed Securities Transactions Executed in Agency Capacity and Subject to Commission Charges

Effective Date: July 22, 2013

The SEC approved amendments to FINRA Rule 6730(d)(2) to require firms to report to TRACE the factor for each transaction in an asset-backed security (ABS) (except an ABS traded To Be Announced (TBA)), in the limited instances when firms effect such transactions as agent and charge a commission. The effective date is July 22, 2013.

The amended rule text is set forth in Attachment A.

Questions regarding this Notice may be directed to:

  • Elliot Levine, Associate Vice President and Counsel, Transparency Services, at (202) 728-8405;
  • Ola Persson, Vice President, Transparency Services, at (212) 858-4796;
  • Patrick Geraghty, Vice President, Market Regulation, at (240) 386-4973;
  • Sharon Zackula, Associate Vice President and Associate General Counsel, Office of General Counsel (OGC), at (202) 728-8985; or
  • Kathryn Moore, Associate General Counsel, OGC, at (202) 974-2974.