ARTICLE
21 April 2017

FINRA Reminds Firms About TRACE Reporting On Treasuries

CW
Cadwalader, Wickersham & Taft LLP

Contributor

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 issued a reminder that, beginning July 10, 2017, firms will be required to report transactions executed in U.S. Treasuries to TRACE.
United States Corporate/Commercial Law

FINRA issued a reminder that, beginning July 10, 2017, firms will be required to report transactions executed in U.S. Treasuries to TRACE. FINRA also provided general information and a schedule for TRACE testing in preparation for the July 10 deadline. Testing will be available through the NASDAQ Testing Facility from Monday, April 17, 2017 through Friday, July 7, 2017.

To better assist firms' transition to the new reporting requirements, FINRA also has scheduled three Production User Acceptance Tests, and created a dedicated TRACE for Treasuries page on the FINRA website.

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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