Regulatory Notice 16-38

SEC Approves Amendments to Disseminate Collateralized Mortgage Obligation (CMO) Transactions and to Reduce the Reporting Time for CMO Transactions

Effective Date: March 20, 2017

Executive Summary

The Securities and Exchange Commission (SEC) approved amendments to the Trade Reporting and Compliance Engine (TRACE) rules and dissemination protocols to provide for dissemination of transactions in collateralized mortgage obligations (CMOs), to reduce the time frame for reporting transactions in CMOs executed after issuance, and to simplify the reporting requirements for transactions in CMOs executed prior to issuance. These amendments will become effective on March 20, 2017.

The amended rule text is available on FINRA’s website.

Questions regarding this Notice should be directed to:

  • Chris Stone, Vice President, Transparency Services, at (202) 728-8457; or
  • Alex Ellenberg, Associate General Counsel, Office of General Counsel, at (202) 728-8152.