SEC Requests Comments on Delaying Implementation Date for a TRACE Report No-Remuneration Indicator (Fed. Reg.)

The SEC requested comments on a proposal by FINRA to delay until July 18, 2016, the implementation of a TRACE report "no-remuneration" indicator. The purpose of the indicator is to identify transactions that do not reflect commissions or mark-up/markdowns. As published in the Federal Register, the change to FINRA Rule 6730 would not affect other aspects of the current rule or pending requirements.

Comments on the proposed rule change must be submitted February 29, 2016.