19 Sep 2025
📈FINRA Rule Change on Transaction Reporting for Securities
Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Order Approving a Proposed Rule Change To Amend FINRA Rule 6730 (Transaction Reporting)
Summary
The SEC approves FINRA's proposal to maintain a 15-minute outer limit timeframe for reporting transactions in TRACE-eligible securities. This decision follows extensive discussions with member firms regarding the challenges of shorter reporting timeframes. The rule change is set to streamline reporting processes while supporting compliance clarity for financial institutions.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The text outlines FINRA's rule change that retains a 15-minute reporting requirement for transactions in TRACE-eligible securities, which offers compliance clarity for financial firms. This affects operational practices and reporting obligations, making it crucial for business owners and executives in the securities industry.