Highlights Recently Published Regulatory Notices

03 16 17 – 03 31 17 Recently Published Regulatory Notices

Highlights Recently Published Regulatory Notices

16 – 31 of March 2017

From the CBOE:

  • Announces enhancements to its PAR Trade Book, Trade All and Sweep functions.
  • Temporarily inactivates its Qualified Contingent Cross functionality for simple and complex orders.
  • Will enhance its price protections for complex orders expanding protections for calendar spreads.
  • Proposes amendment to its rules providing guidance on TPH reporting duties in which certain required reporting information is unknown.
  • File rule change to reduce the order handling and exposure period of its AIM and SAM processes from 1 second to a time period designated by the Exchange of no less than 100 milliseconds and no more than 1 second.

From Depository Trust Company:

  • Announces several enhancements to its CA Web application effective April 6, 2017.
  • Issues notice and details related to Business Continuity testing for 2017.


  • Files proposed change to the Private Placement Filer Form a member completes when submitting private placement filings.
  • Proposes amendments to NASD/NYSE rules related to qualification and registration requirements into the FINRA Rulebook which restructures current qualification examinations and creates a new general knowledge examination.
  • Issues Special Notice seeking comment on its current engagement programs.
  • Publishes a list of FAQs related to its recently amended Rule 3210.
  • Updates the Web API specifications for TRACE.
  • Receives SEC approval of its proposal related to the protection of seniors and vulnerable adults.

From Municipal Securities Rulemaking Board:

  • Files rule change related to continuing education requirements for municipal advisors.
  • Announces SEC approval of a rule change to support the industry’s move to a shortened settlement cycle.

From Nasdaq:

  • Proposes amendments to its rules to specify the execution priority of an order that has been locked or crossed at its non-displayed price by a post-only order and re-priced for purposes of the opening, closing or halt cross.
  • Announces the addition of a new liquidity code on executions for orders that removed the against price improving non-displayed liquidity.

From National Securities Clearing Corporation:

  • Publishes its schedule of the rollout of new clearing dashboard presentations of CNS screens.
  • Announces the implementation of new logic to identify foreign securities for the purposes on excluding them from Obligation Warehouse.
  • Files rule change to enhance the matrix used to evaluate risk posed by certain members and other amendments to increase transparency.
  • Updates participants on its ACATS enhancements.
  • Reschedules its PSE testing of enhancements to Mutual Fund Profile Service II – Security Issue Database to April 5, 2017.
  • Details its implementation plan for the Consolidated Trade Summary Re-Write which is scheduled to go live June 23, 2017.
  • Announces it will cease the Parallel Period and introduce the Accelerated Trade Guaranty on April 24, 2017.
  • Proposes enhancements to its I&RS Services to provide for a new data repository related to fees, expenses and commissions.

From New York Stock Exchange:

  • Issues bulletin notifying its DMMs of recent amendments to its Rule 103B governing the allocation and reallocation of issuers’ securities to DMM units.

From Options Clearing Corporation:

  • OCC and NSCC have agreed, pending regulatory approval, to modify their “Accord” related to issues arising from dual margin collection.
  • Announces an enhancement to its On-Demand Position file to include excess closing buy and sell transactions to assist firms in trade balance and position adjustments.
  • Issues details of its plans for business continuity testing in 2017.

From the Securities & Exchange Commission:

  • Adopts amendment to the Settlement Cycle Rule 15c6-1(a) under the ’34 Act to shorten the standard settlement cycle from three business days after the trade date to two business days after the trade date.
  • Announces the schedule of its compliance outreach programs seminars for investment companies and investment advisors for 2017.
  • Adopts amendments to the JOBS Act.

From UST2:

  • Responding to industry feedback, DTCC will change the Prime Broker disaffirmation cutoff time for the T+2 settlement environment from 9:30 AM ET T+1 to 5:00 PM ET T+1.
  • Issues corporate action test events for upcoming test cycles.