Highlights Recently Published Regulatory Notices from 16-31 July 2016

07 16 16 – 07 31 16 Recently Published Regulatory Notices

Highlights Recently Published Regulatory Notices from 16-31 July 2016

From Chicago Board Options Exchange:

  • Announces details of its plan to implement additional risk control functionality in 3Q 2016.
  • Proposes to remove rules related to order marking and reporting of Orders Tied to Stock.

From Depository Trust Company:

  • Announces beginning September 5, 2016, the draft max dollar limit increases to $1,000.00 per draft.
  • Updates participants related to the settlement output for matching utility transactions from Bloomberg and SS&C Technologies.
  • Proposes amendments to its Reorganizations Service Guide.
  • Files rule change adding a fee charged to participants related to the maintenance of the Participants Fund.

From Financial Crimes Enforcement Network:

  • Issues Frequently Asked Questions to provide interpretive guidance of the new Customer Due Diligence rule.

From Financial Industry Regulatory Authority:

  • Proposes rule change to require FINRA members to report U.S. Treasury securities to TRACE.
  • Imposes a fine of $950,000.00 on Prudential Annuities Distributors for failure to detect and prevent significant theft from a senior investor.
  • Issues reminder to members of the provisions related to arbitration proceedings.
  • In concert with market centers, proposes rule change to clarify the operations of Reg NMS addressing extraordinary market volatility.

From Municipal Securities Rulemaking Board:

  • Amends its proposal to require firms to resolve dealers fails from 20 calendar days to 10 calendar days.

From Nasdaq Market:

  • Updates technical specifications related to the SEC’s Tick Size Pilot program.
  • Will implement new price protections on incoming limit orders exceeding pre=set standard limits beginning August 22, 2016.

From National Securities Clearing Corporation”

  • Announces details related to the implementation of enhancements to its WMS Mutual Fund applications on the DTCC Web Portal.
  • Testing for planned ACATS enhancements will be available for testing on September 16, 2016 with scheduled production date of November 4, 2016.
  • Updates participants with details related to the launch of the Investors’ Exchange trading on August 19, 2016.

From New York Stock Exchange Market:

  • Proposes rule amendment to reject certain Electronic Complex Orders that could undermine the effectiveness of risk limitation mechanism designed to protect Market Makers.

From Options Clearing Corporation:

  • Announces a projects, to be completed in two phases, which will allow “take-up” clearing firms the ability to accept or reject selected trades by creating an allocation system to replace the CMTA transfer system.

From the Securities & Exchange Commission:

  • Grants exemptive relief to the Investors’ Exchange from the contra-party identification requirements in SEC Rule 10b-10 Confirmation Rule.
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