The SEC approved a FINRA proposal to amend FINRA Rule 6700 Series and the Trade Reporting and Compliance Engine ("TRACE") dissemination protocols to: (i) require the dissemination of transactions in collateralized mortgage obligations ("CMOs"), and (ii) shorten the trade-reporting timeline for CMO transactions from end-of-day to within 60 minutes of execution. The final amendments were published in the Federal Register.
FINRA will announce the operative date of the proposed rule change in a Regulatory Notice to be published no later than 90 days following Commission approval, and states that the operative date would be no later than 365 days following publication of that Regulatory Notice.
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