Highlights Recently Published Regulatory Notices 01 – 15 February 2016

Highlights Recently Published Regulatory Notices 01 – 15 February 2016

From CBOE:

Proposes to harmonize its rules prohibiting the misuse of material, non-public information among its three classes of market makers.
Advises PAR users of an enhancement being loaded the week of February 8, 2016.
From DTC:

Announces several enhancements to its corporate actions product to be deployed on the evening of February 18, 2016.
Delays until further notice the retirement of the Participant Settlement Statements and Settling Bank Statements in its PTS and PBS applications.
Updates its participants with the list of CCF files to be retired and the elimination of certain content within other CCF files effective on January 1, 2017.
From FINRA:

With the SEC, announces the opening of registration for their 2016 Regional Compliance Outreach programs for broker-dealers.
Files a rule proposal to address the required interactions between FINRA and the MSRB related to the regulation of the municipal securities market.
Issues a reminder and guidance related to contingency offering requirements of SEC Rule 10b-9 and 15c2-4.
Proposes to reduce the synchronization tolerance for members’ computer clocks used to record order events in NMS securities including options and OTC equities.
Files a rule change to OATS reporting to require members to identify in OATS reports the identity of non-member broker-dealers when a member receives an order from such non-member.
Proposes to require registration as a Security Trader persons primarily responsible for for the design, development or significant modifications of algorithmic trading strategies.
Publishes a sample Tick Size Pilot Securities List providing market participants with a list of security to be used during testing, which begins on February 22, 2016.
From NASAA:

Approves and publishes its model rule to protect Seniors and Vulnerable Adults from financial exploitation.
From Nasdaq:

Announces external kill switch functionality effective on February 8, 2016.
Publishes the date of October 15, 2016 on which it will conduct its annual business continuity and disaster recovery test.
From NSCC:

Announces several enhancements to its Fund/SERV, Networking and MFPS I Services related to its processing support of Money Market reform.
From OCC:

Issues information related to the effective dates of the Section 31 fee rate change for specific option and futures transactions.
Publishes clarification related to the ORF indicator on the CMTA Transfer screen and CMTA FIXML messages.
Announces specific details of member requirements for Clearing Member margin obligation Letters of Credit expiring on March 1, 2016.
From the SEC:

Announces the completion of its enforcement action sweep against the final fourteen municipal underwriting firms for violations in municipal bond offerings as part of its MCDC initiative.
Issues a No-Action Letter revising a November 2012 letter to modify a footnote related to the calculation of trade volume under SEC Rule 15c3-1(11)(i) Ready Market.
Adopts rules addressing cross-border security-based swap rules for activity in the United States.

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