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.