Regulatory Notice 08-52

SEC Approves Amendments to Eliminate Yield Reporting to TRACE and FINRA Will Disseminate Standard Yield in Real-Time TRACE Data; Effective Date: November 3, 2008

Executive Summary

On September 12, 2008, the Securities and Exchange Commission approved an amendment to NASD Rule 6230 (Transaction Reporting). Effective November 3, 2008, member firms will no longer report yield to TRACE and FINRA will calculate and disseminate a Standard Yield in TRACE data.

 

The text of the rule amendment is set forth in Attachment A.

Questions regarding this Notice should be directed to:

 

• Patrick S. Geraghty, Director, Fixed Income, Market Regulation, at (240) 386-4973;
• Elliot R. Levine, Associate Vice President and Counsel, Transparency Services, at (202) 728-8405; or
• Sharon Zackula, Associate Vice President and Associate General Counsel, Office of General Counsel, at (202) 728-8985.

 

This Notice was updated to add new endnote 6.