FIF Submits Comment Letter on FINRA Proposal for Enhancements to TRACE Reporting for Treasuries

On February 19, 2021, FIF submitted a comment letter to FINRA in response to FINRA’s request for comment on Enhancements to TRACE Reporting for U.S. Treasury Securities. The content of the comment letter is based on feedback from participants of the FIF TRACE Working Group. FIF would like to thank the members of the TRACE Working Group for participating in the Working Group discussions and providing their input on the comment letter.

During March, the TRACE Working Group will continue to focus on a rule proposal by the Federal Reserve to expand TRACE reporting for Treasuries and agencies to certain depository institutions and the potential impact on broker-dealers that currently report to TRACE.