United States:
FINRA Announces Effective Date Of Modified Trade Reporting Regime For Agency Debt Securities
23 October 2018
Cadwalader, Wickersham & Taft LLP
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FINRA announced the effective date of amendments to
modify the dissemination protocols for agency debt securities. The amendments will
apply a $5 million dissemination cap for all agency debt securities
(i.e., replacing the current $1 million dissemination cap
for non-investment grade debt). The rule changes were approved by
the SEC on October 5, 2018, and will go into effect on November 19,
2018.
According to FINRA, the proposal - which eliminates differential
treatment based on the ratings assigned to securities - will
simplify trade reporting and improve price transparency in these
securities.
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