FINRA proposed amendments to FINRA Rules 6710 and 6730 that clarify the definitions of "Auction Transaction" and "When-Issued Transaction." The amendments reflect FINRA's recently adopted requirements for its members to report transactions in U.S. Treasury Securities to the Trade Reporting and Compliance Engine ("TRACE"). The amendments are immediately effective but will not be implemented until July 10, 2017, when the reporting requirements for transactions in U.S. Treasury Securities will go into effect.
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