FINRA provided Q&A guidance on amendments to TRACE reporting rules for certain transactions in U.S. Treasury securities.

As previously covered, FINRA amended Rule 6730 ("Transaction Reporting of TRACE-Eligible Securities") to (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. FINRA provided FAQs regarding the application of TRACE reporting requirements to these transactions. The effective date is June 1, 2020.

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.