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.