Regulatory Notice 15-14

SEC Approves Amendments to Require Firms to Identify Transactions with Non-Member Affiliates in TRACE Trade Reports

Effective Date: November 2, 2015

Executive Summary

The SEC approved an amendment to the TRACE rules to permit FINRA to implement a new contra-party type for use by firms in identifying transactions with non-member affiliates. The amendment also requires firms to separately identify transactions with non-member affiliates that occur within the same day, at the same price and in the same security as a trade with another contra-party. The amendment will become effective on November 2, 2015.

The amended rule text is available in the online FINRA Manual.

Questions regarding this Notice should be directed to:

  • Ola Persson, Vice President, Transparency Services, at (212) 858-4796;
  • Patrick Geraghty, Vice President, Market Regulation, at (240) 386-4973; or
  • Racquel Russell, Associate General Counsel, Office of General Counsel, at (202) 728-8363.