Highlights Recently Published Regulatory Notices 01-15 of April 2017

04 01 17 – 04 15 17 Recently Published Regulatory Notices

Highlights Recently Published Regulatory Notices

01 – 15 of April 2017

From Consolidated Audit Trail:

  • CAT issues a survey to assist in the study of clock synchronization needs and practices across the industry. Responses due April 21, 2017.

From Chicago Board Options Exchange:

  • Enhances its COA order eligibility related to certain complex orders with 3 or 4 legs.
  • Reactivates its Qualified Continent Cross functionality to simple and complex orders on April 4, 2017.
  • Requests TPHs to complete the CAT Clock Synchronization Survey.
  • Changes symbol for existing SPXPM option series to SPXW for both regular and extended trading hours sessions.
  • Announces enhancement to its complex order intraday price reasonability checks.
  • Citing duplicative regulations, proposes to amend its Rule 5.7 to delete the requirement to announce contract adjustments as OCC is the lead in this process.
  • Announces April 17, 2017 as the effective date of its Interpretation and Policy .07 of Rule 6.25 which addresses the nullification and adjustment of transaction related to complex and stock-option orders.

From Depository Trust Company:

  • Issues details of its dividend payment for 2017.
  • Announces additional functionality available on CA Web on April 19, 2017.
  • Publishes list of non-transferrable securities to be destroyed on or after July 10, 2017.
  • Details its revision of the processes used to reduce the amount of a partial call which has already been processes and the positions segregated.

From Fixed Income Clearing Corporation:

  • Announces on April 7, 2017 it will require MPID matching on corporate bond and UIT trades submitted to RTTM.
  • Issues details of its annual CCLF test with clearing members scheduled for April 24, 2017.
  • Files rule proposal to amend its Rule 4 among other things to delete language that potentially limits its access to MBSD clearing fund cash and collateral it deems necessary to conduct the settlement business.

From FinCEN:

  • Updates it list of jurisdictions with strategic AML/CFT deficiencies which could affect financial institutions obligations and risk-based approaches of the relevant jurisdictions.


  • Issues notice of changes to its Reg T Extension filing system and processes in light of the industry’s move to a shortened settlement cycle.
  • The National Adjudicatory Council issues revised Sanction Guidelines.
  • Seeks comment on the effectiveness and efficiency of its practices, rule and other processes that regulatory broker-dealer activities related to capital raising processes.
  • Requests comment on proposed amendments to its research rules creating a limited safe harbor under specific circumstances.
  • Issues its month report of disciplinary actions.


  • Issues details of IDES testing and updated FAQs.

From Nasdaq:

  • Announces a new RFO indicator to provide additional information to broker-dealers serving as Stabilization Agents during the opening cross for registered follow on offerings.

From National Securities Clearing Corporation:

  • It and FICC proposes to adopt a framework to outline its practices in which it measures, monitors and manages liquidity risks, and general business risks.
  • Publishes details related to the Profile Security Enhancements in its PSE available for testing of April 5, 2017.
  • Updates its notice related to enhancements to the Mutual Fund Profile Service II testing environment.

From Options Clearing Corporation:

  • Files rule changes related to its Margin Policy, its plans to adopt a Risk Management Framework Policy, Default Management Policy, Counterparty Credit Risk Management Policy, and Collateral Risk Management Policy.
  • Updates members on its activities related to the enhancement of its stock loan/hedge and market loan programs via operational, systemic and risk management efficiencies.