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.