FINRA-Proposed Rule to Delay Implementation Date of TRACE Dissemination of Asset-Backed Securities (Fed. Reg.)

The FINRA-proposed rule change to delay the timeline for the implementation of amended TRACE protocols to disseminate additional Asset-Backed Securities Transactions (SR-FINRA-2013-046) was published in the Federal Register.

FINRA filed an immediately effective rule to delay the implementation date in order to provide additional time to complete the technological changes required for the dissemination of additional securities. FINRA stated that it would issue a Regulatory Notice announcing the new implementation date by August 22, 2014.

See:79 FR 25979.Related news: FINRA Proposes to Delay TRACE Dissemination Requirements for Asset-Backed Securities (April 24, 2014); FINRA Files Amendment No. 1 Regarding Trace Reporting Involving Asset-Backed Securities (February 25, 2014); SEC Announces the Designation of a Longer Period for Commission Action Regarding FINRA-Proposed Rule Change Relating to TRACE Reporting and Asset-Backed Securities (January 13, 2014); FINRA Proposes Rule Relating to TRACE Reporting and the Dissemination of Transactions in Asset-Backed Securities (November 13, 2013).To see all FINRA rule changes, please see the Cabinet Rule Calendars (accessible to Cabinet subscribers only).