United States:
FINRA Provides Q&As On Amended TRACE Reporting Requirements For Certain Treasury Securities
02 October 2019
Cadwalader, Wickersham & Taft LLP
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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.
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