Highlights Recently Published Regulatory Notice 01 – 15 of June 2017

06 01 17 – 06 15 17 Recently Published Regulatory Notices

Highlights Recently Published Regulatory Notices

01 – 15 of June 2017

From Consolidated Audit Trail:

  • Announces it will not amend the Business Clock synchronization requirements in the Plan at this time.
  • Makes a determination that it would be “premature to expand” the CAT to include non-NMS or OTC equity securities, including Primary Market transactions and transactions in debt securities to the Plan at this time.

From Chicago Board Options Exchange:

  • Announces a delay in the deployment of a previously announced enhancement to the CTM terminal that requires the designation of a “Reason Code” when a trade is added or deleted in specific circumstances.
  • Eliminated the requirement for TPH’s to submit daily reports and instead will require submission of reports “on request”.
  • Issues notice of new interpretation and policy to all TPH to enter certain default values when the TPH has no knowledge of the information at the time of the order.

From Consumer Finance Protection Board:

  • Issues proposal to request comment on potential modification of its Regulation E and Z.

From Commodity Futures Trading Commission:

  • Announces a public meeting on June 20, 2017 related to several risk and clearing topics.

From Depository Trust Company:

  • Publishes list of non-transferable securities to be destroyed on or after September 7, 2017.
  • Files rule change to adopt it current processes as its Clearing Agency Model Risk Management Framework.
  • Updates participants on procedures when depositing Limited Partnership certificates.
  • Proposes new Rule 36 to provide account for the segregation of securities it holds that are intended to be pledged as swap margin.

From Fixed Income Clearing Corporation:

  • Remind participants as of July 3, 2017 it will reset the CCLF requirement for Clearing Members that selected Option 1 or 2 on the Officers’ Certificate.


  • Announces the addition of Rule 4530 Problem Codes addressing changes related to the DOL Fiduciary Rule and the extension of certain rules to Municipal Advisors.
  • Adopts rules to explicity define and prohibit two types of quoting and trading activities it deems to be disruptive.
  • Files rule change to adopt Rule 6898 to establish the procedures for resolving potential disputes related to CAT Fees charged to Industry Members.
  • Updates members that the Section 31 Fee Rate will increase from $21.80 per million to $23.10 per million effective July 4, 2017.
  • Files rule change to establish February 5, 2018 as the implementation date for two modifiers related to the reporting of U.S. Treasury securities to TRACE.
  • Issues its monthly Disciplinary Actions Report for June 2017.

From the Internal Revenue Service:

  • Announces IDES test will be open from June 19, 2017 to July 14, 2017.

From Municipal Securities Rulemaking Board:

  • Issues second request for comment on draft amendments to Rule G-34 on CUSIP numbers new issue and market information requirements.

From Nasdaq:

  • Announces it will move the test facilities for PHLX. NOM and BX Options to its Carteret facility by the end of June 2017.
  • Reminds members that effective June 12, 2017 it will introduce two new optional port/MPID settings for Post-only orders.

From National Securities Clearing Corporation:

  • Announces several enhancements to its mutual fund clearance, settlement and processing functions.
  • Publishes specific details related to the launch of the Consolidated Trade Summary Rewrite as its relates to participant impacts and actions to be taken.
  • Updates the Networking Omni/SERV record layouts to include an additional data element of “managed account”.
  • Extends the implementation date for the ETF Create/Redeem processing enhancements.

From Options Clearing Corporation:

  • Files to amend its By-Laws and Rules related to the recently amended SEC Rule 15c-1(a) to shorten the standard settlement cycle to two business days after trade date.

From Officer of the Comptroller of Currency:

  • Issues bulletin to highlight actions national banks and savings associations need to take to prepare for the upcoming shortened settlement cycle in the securities market.
  • Publishes FAQs related to Third-Party Relationships Risk Management Guidance.

From Public Company Accounting Oversight Board:

  • Announces the adoption of a new Auditor Reporting Standard that will require the auditor to provide new information about the audit and make the report more informative and relevant to investors.
  • Proposes an auditing standard to enhance the requirements for auditing accounting estimates by establishing a single standard that sets for a uniform, risk-based approach.