United States:
Federal Register: FINRA Proposes Amending TRACE Rules For Certain Hedging Transactions
14 May 2019
Cadwalader, Wickersham & Taft LLP
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FINRA's proposal to amend
Rule 6730 ("Transaction Reporting of TRACE-Eligible
Securities") to extend the reporting period and adopt a new
modifier to identify certain transactions was published in the Federal Register. Comments on
the proposal must be submitted by May 21, 2019.
As
previously covered, the proposal would (i) give members more
time to report TRACE transactions that are executed in order to
hedge new offerings of corporate bonds and (ii) adopt identifiers
for these transactions.
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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