20 Jun 2025

📈FINRA Proposes Amendments to TRACE Reporting Regulations

Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing of a Proposed Rule Change To Amend FINRA Rule 6730 (Transaction Reporting)

Summary ?

The SEC publishes a notice regarding FINRA's proposed rule changes to amend TRACE reporting rules, aiming to maintain a 15-minute reporting deadline and introduce simplified allocation reporting for managed accounts. The changes intend to enhance efficiency and address compliance concerns raised by financial firms engaged in transaction reporting.

Agencies

  • Securities and Exchange Commission

Business Impact ?

$$ - Med

The proposed changes by FINRA regarding TRACE reporting requirements impact compliance and operational workflows for financial firms. Maintaining the 15-minute reporting timeframe while introducing streamlined reporting for allocation trades enhances efficiency and addresses member concerns about compliance burdens.

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