Highlights Recently Published Regulatory Notices 01-15 of August 2016

Highlights Recently Published Regulatory Notices

01-15 of August 2016

From Chicago Board Options Exchange:

Issues reminder of the requirements of its Rule 24.19 related to multi-class broad-based index option spread orders.

From Consumer Financial Protection Bureau:

From Depository Trust Company:

Issues list of non-transferable securities to be destroyed on or after November 5, 2016 as well as a year-to-date list for 2016.
Will require all Secondary Market Eligibility requests to be submitted through its underwriting platform effective October 17, 2016.
Announces revision of the retirement dates for Reorganization CCF Announcement files.

From Fixed Income Clearing Corporation:

Announces discontinuation of its Handbooks and instead is providing the equivalent information on its website.
Will produce a daily report, starting on August 19, 2016, that list municipal bond when-issued trades that have been repriced due to a security update from the prior business day.

From FINRA:

Updates the technical specification for market maker reporting in relation to the Tick Size Pilot program.
Fines Barclays Capital $1.3 million for systemic OATS reporting failures.
Fines Deutsche Bank Securities $12.5 million for supervisory failures addressing research and trade related information disseminated to its employees.
Announces SEC approval of new Rule 4554 to require ATSs to submit additional order information to OATS effective on November 7, 2016.
Issues request for comment on proposed rule changes updating its gifts, gratuities and non-cash compensation rules.
Publishes an Investor Alert designed to help investor understand different order types when making a trade.
Reminds firms of their obligation under TRACE rules to accurately report the “time of execution” for TRACE reports.
Announces a targeted examination related to Non-Traded Business Development Companies.
Publishes Regulatory Notice detailing the amendments to Rule 4210 Margin as it relates to Covered Agency Transactions.
Files rule change with SEC to require members to disclose additional pricing information on retail customer confirmations on transactions in fixed income securities.
Publishes its list of disciplinary actions for August 2016.

From Internal Revenue Service:

From Municipal Securities Rulemaking Board:

Proposes amendments to Rule G-37 clarifying that contributions by associated persons and municipal finance professionals make prior to August 17, 2016, are subject to the two-year look back provisions.
Issues guidance FAQs on its recently adopted amendments to Rule G-14 Transaction Reporting.

From Nasdaq:

Announces changes to its SQF and OTTO systems effective October 3, 2016.
Alerts members of the availability of participant UAT testing on September 10, 2016 in preparation of its technology refresh of the trading system.
Publishes action items for members related to its disabling of the No/Was functionality on FINRA/Nasdaq TRF.
Proposes amendment to change the way in which Post Only orders interact with the resting Non-Display orders and to prevent the execution of midpoint pegged orders during a crossed market.

From National Securities Clearing Corporation:

Announces enhancements to its WMS applications on its Web Portal.
Posts notice of certain changes to the processing time of AIP files.
Will begin collecting Reg, Trans and Routing fees from the new IEX exchange in September 2016.

From New York Stock Exchange:

NYSEMKT proposes to amend its rule amending an oversight of not including trade-throughs when it adopted Rule 9217 under the Options Order Protection and Locked/Crossed Market Plan.

From the Securities & Exchange Commission:

Releases the Joint Member Agencies report on actions taken by members to promote understanding, transparency, risk management and inter-agency coordination regarding the U.S. Treasury market in the past year.

From U.S. T+2 Committee: