Highlights Recently Published Regulatory Notices 01-15 of August 2016

08 01 16 – 08 15 16 Recently Published Regulatory Notices


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.

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:

  • Publishes test approach and framework for the industry’s move to T+2.