Highlights Recently Published Regulatory Notices 15-31 of May 2018

05 16 18 – 05 31 18Recently Published Regulatory Notices

Highlights Recently Published Regulatory Notices

May 16-31, 2018

From the Consolidated Audit Trail:

  • CAT updates its list of interpretive FAQs.

From Depository Trust Company:

  • Announces an initiative related to DTC assigned account numbers.
  • Announces a user interface framework change on July 19, 2018 EOD, for its CAWeb that will render browsers other than Internet Explorer 11 and Google Chrome 46 or later incompatible.

From Fixed Income Clearing Corporation:

  • Reminds Foreign Netting Members of their annual requirement to update the foreign legal opinions on file with FICC.


  • Responding to recent actions by Fannie Mae and Freddie Mac, FINRA proposes to amend its TRACE rules to expand the definition of an “Agency Debt Security”.
  • Beginning July 9, 2018, it will conduct a public record search within 15 calendar days from the date of an applicant’s Form U4 and return to members any information related to any discrepancy from its search and the information provided on the Form U4.
  • Responding to industry feedback, FINRA proposes amendments to its By-Laws to reorganize District Committees and modify the committees’ size, structure and governance.

From the Municipal Securities Rulemaking Board:

  • Issues request for comment on its Rule G-36, which would re-establish a standalone rule governing transactions in discretionary accounts.

From Nasdaq:

  • Announces rolling date for certain enhancements to its order and quote protections.

From National Securities Clearing Corporation:

  • Advises participants it will retire the CTS rewrite SMART/Search report on August 30, 2018.
  • Issues plans and details of upcoming Business Continuity DR tests scheduled in August and October 28 related to Mutual Fund, and I&RS processing.
  • Announces on June 22, 2018, UTC will send only one gap fill request per firm regardless of amount except when unusual processing is identified.

From Options Clearing Corporation:

  • Publishes its new mailing address.
  • Proposes changes to its By0Laws and Rules that will build a substantially new Clearing Fund Methodology Policy and adopt a document describing such methodology and stress testing.

From the U.S. Securities & Exchange Commission:

  • Proposes new a new rule under the ’33 Act to establish a safe harbor for an unaffiliated broker or dealer that participates in a securities offering of a “covered investment fund” to publish or distribute a “covered investment fund research report.”