ARTICLE
3 August 2020

FINRA Extends Effective Date For Amendments To TRACE Reporting Requirements

CW
Cadwalader, Wickersham & Taft LLP

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Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
FINRA extended the effective date from June 1, 2020 to August 3, 2020 for amendments to Trade Reporting and Compliance Engine requirements.
United States Finance and Banking

FINRA extended the effective date from June 1, 2020 to August 3, 2020 for amendments to FINRA Rule 6730 ("Transaction Reporting of TRACE-Eligible Securities").

As previously covered, the amendments (i) give members more time to TRACE-report transactions in U.S. Treasury securities that are "executed to hedge a primary market transaction" and (ii) adopt identifiers for these transactions.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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