FINRA Proposal for Enhancements to TRACE Reporting for Treasuries

On December 23, 2020, FINRA issued a request for comment on Enhancements to TRACE Reporting for U.S. Treasury Securities. The proposed changes could require significant changes to trade execution and reporting systems for U.S. Treasuries as well as trading and reporting workflow changes. On January 26 FIF held a call to review a draft comment letter on the FINRA Regulatory Notice. The next Working Group call is scheduled for February 2 to continue the review of the draft comment letter.