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:
- CFPB proposes changes to Truth in Lending Regulation Z.
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.
- 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:
- Publishes various announces related to FATCA reporting.
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.
- 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:
- Publishes test approach and framework for the industry’s move to T+2.