Hightlights Recently Published Regulatory Notices 16-28 of February 2017

02 16 17 – 02 28 17 Recently Published Regulatory Notices

Highlights Recently Published Regulatory Notices

16 – 28 February 2017

From the CBOE:

  • Proposes changes to the price protection mechanisms for complex orders to use the derived net market price based on the NBBO in the individual series legs instead of the BBO.
  • Announces it will implement the final phase of its risk control functionality on February 27, 2017.
  • Files amendments to its rules related to the complex options definitions and trading practices.

From Depository Trust Company:

  • Announces enhancements to its Custody service eligibility processing.
  • Reminds participants of the reports available on SMART/Search to assist in tracking and managing positions in non-transferable securities.
  • Publishes list of non-transferable securities certificates to be destroyed on or after May 27, 2017.

From Fixed Income Clearing Corporation:

  • Related to the industry initiative to move to a shortened settlement cycle, it will close the PSE test region on May 1, 2017 to simulate a bank holiday for testing purposes.
  • Proposes amendments to its GSD Rulebook to include a committed liquidity resources known as Capped Contingency Liquidity Facility (CCLF).
  • Issues notice and details of the CCLF test to be held on April 24, 2017.


  • Updates its TRACE CTCI Technical Specifications that support a change to the reporting of “execution time” per guidance in Supplementary Material .04 in Rule 6730.
  • Proposes amendment to delay until April 28, 2017 the date by which the Tick Size Pre-Pilot and Appendix B data is publicly available on its website.
  • Issues FAQs to guide firms in reporting Treasury securities to TRACE.

From Municipal Securities Rulemaking Board:

  • Issues request for comment on draft amendments to its Rule G-21 Advertising and new Rule G-40 Advertising by Municipal Advisors.

From Nasdaq:

  • Announces it will offer, subject to regulatory approval, a new RFO indicator to provide additional information to broker-dealers acting as a Stabilization Agent during the opening cross for registered follow on offerings.

From National Securities Clearing Corporation:

  • Announces enhancement to ACATS in that it will add a new field “Registration Indicator” to the Fund/SERV Statistic output reports and MRO files.

From the New York Stock Exchange:

  • Proposes a delay to April 28, 2017 on which it will make publicly available the Pre-Pilot and Appendix B data for the Tick Size Pilot Program.

From Options Clearing Corporation:

  • Issues reminder that it will change its public website on March 25, 2017 to HTTPS communication protocol.
  • Announces that on February 27, 2017 it will implement an enhancement on the Pending for Excess online to allow Clearing Members to delete collateral releases in a pending for excess state.
  • Proposes rule to require participation by clearing members in the testing and review of OCC’s default procedures.
  • Files amendments to its Stock Loan/Hedge and Market Loan programs.

From the Securities & Exchange Commission:

  • The SEC and NASAA signed an information-sharing agreement as new rules to facilitate intrastate crowdfunding offering and regional offerings become effective.
  • The Office of the Investor Advocate announces a public conference where it will discuss potential strategies for enhancing investors’ understanding of characteristics it considers key to retail investing.

From UST2 Committee:

  • Offers broker-dealers sample communications to be used when explaining the move to a shortened settlement cycle to their clients.