Highlights Recently Published Regulatory Notices 01-15 July 2016

07 01 16 – 07 15 16 Recently Published Regulatory Notices

Highlights Recently Published Regulatory Notices

From Consolidated Audit Trail:

  • Publishes project Plan Processor fees based on the Reporter tiers and its Funding Model based on June 2014 order and trade data.

From CBOE:

  • Proposes rule change to enhance current price protection mechanisms and risk controls to further prevent disruptive trading.
  • Issues reminder to its members of the prohibition of Prearranged Trades.
  • Reminds members of the roll out of PAR enhancements starting July 18, 2016.

From CFPB:

  • Announces amendments to Regulation P so that under certain circumstances, financial institutions are not required to send the annual notice of privacy policies and practices to customers.

From DTC:

  • Announces details related to the anticipated acceptance of affirmed trades from Bloomberg STP and SS&C Technology matching utilities.

From FICC:

  • Announces the SEC has rejected a proposed rule change related to the blackout period exposure charge on a Netting Members participating in the GSD GCF Repo Service – and FICC has filed a revised proposal.
  • Will suspend its interbank service of the GCF Repo service after the close of business July 15, 2016.


  • Updates the Tick Size Pilot Program frequently asked questions.
  • Anounces SEC approval of rule change related to System Clock Synchronization standards.
  • Releases it discussion items for the Board of Governors meeting.
  • Publishes notice of changes to the file layout and reporting requirements for Electronic Blue Sheets effective December 30, 2016.
  • Issues its monthly Disciplinary Actions report for July 2016.

From IRS:

  • Publishes a new FAQ regarding submission of Form 8809-I and that its IDES testing will be available for registered testers starting on July 18, 2016.

From Nasdaq:

  • Files rule change to adjust the Options Regulatory Fee effective August 1, 2016.
  • Updates it Service Agreement effective 120 days from the date of the notice.
  • In coordination with other exchanges, will modify the manner in which the initial LULD Reference Price of the trading day in determined in cases where a security does not trade in the opening auction on the primary exchange.
  • Announces it will offer three Saturday testing opportunities in September and October in anticipation of the Tick Size Pilot.

From NSCC:

  • Announces enhancements effective August 22, 2016, to its Mutual Fund Profile II Service.

From OCC:

  • The settlement date of July 27, 2016 is set as the tentative date on which it will implement the Implied Volatility Modeling margin enhancement.

From the SEC:

  • Request comment on DTC’s Form SDR in which DTC proposes to operate as a registered security-based swap data repository.
  • Fines Citigroup $7 million for inaccurate and incomplete Electronic Blue Sheet reporting.
  • Proposes amendments to Rules 600 and 606 of Reg NMS to require broker-dealers to make additional disclosures to customers related to the routing of their orders.
  • Adopts new Rule 901(a)(1) of Regulation SBSR to require an SEC-registered platform to report a security-based swap executed on that platform that will be submitted to clearing.