Today, BDA submitted a comment letter to the Securities and Exchange Commission on a proposal to codify in FINRA Rule 6730 that members are expected to report transactions in TRACE eligible securities that are subject to dissemination “as soon as practicable” (but not later than 15 minutes of the time of execution or other timeframe specified in Rule 6730) following execution and that members must not deliberately delay reporting.
BDA’s letter recommends language changes to the proposed rule to clarify the proposed rule’s language in order to support consistent enforcement. BDA’s comment letter can be read here.
Please follow and like us:
