Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change Relating to Dissemination of Information on Individual Transactions in U.S. Treasury Securities and Related Fees

The U.S. Securities and Exchange Commission, SEC, has published a statement in the Federal Register to inform that it will take more time „to determine whether to approve or disapprove“ a proposed rule change by the Financial Industry Regulatory Authority, FINRA, as regards the dissemination of „On-the-Run Nominal Coupon“ securities transaction data and the adoption of a corresponding pricing policy.
Specifically, FINRA has filed with the Commission proposed rule amendments to make available on the day of an auction – after end-of-day processing – transaction data on „On-the-Run Nominal Coupon” securities via a separate end-of-day Trade Reporting and Compliance Engine (TRACE) transaction file. To protect market integrity and firms, FINRA would not disclose engaged firms‘ data, but would indicate the type of counterparty involved in a transaction and would use transaction size caps for different maturities. FINRA also proposed a corresponding pricing policy which is in line with its current transaction file fees.
The SEC now states that it needs more time to review the comments it has received to a corresponding consultation before deciding on the matter. A decision is expected by February 7, 2024.
Please also see EventID 23662 in this context for more information on the proposed rule amendments.