TRACE/Fixed Income Working Group

The FIF TRACE/Fixed Income Working Group will meet on Tuesday June 7, 2022 at 3 pm ET to continue its review of a draft FIF comment letter on the recent FINRA rule filing with the SEC (SR-FNRA-2022-011) to expand TRACE reporting to cover transactions in US dollar denominated foreign sovereign bonds. Time permitting, the Working Group also will discuss the following current TRACE regulatory changes and proposals: May 23, 2022 rule filing by FINRA with the SEC (SR-FINRA-2022-013) to require reporting of transactions in U.S. Treasuries as soon as practicable, but no later than one hour after execution, and to require that electronic executions in U.S. Treasuries be reported to TRACE using the same time increment as recorded by the execution system for the transaction; FINRA Regulatory Notice 22-12 published on May 24, 2022 relating to the new TRACE modifier for portfolio trades in corporate bonds; and the Federal Reserve Board rule to expand TRACE reporting in US Treasuries to include covered depository institutions.