FINRA advises of SEC financial responsibility rule interpretations. The Financial Industry Regulatory Authority (FINRA) advised that the SEC has updated its Interpretations of Financial and Operational Rules. The updated interpretations relate to the effectiveness of amendments to Securities Exchange Act Rules 15c3-1 and 15c3-3. (6/29/2015) FINRA Regulatory Notice 15-25.
FINRA proposes shortening delay period for TRACE data. FINRA published for comment amendments that would shorten the delay period for the publication of historic Trade Reporting and Compliance Engine (TRACE) data. Under the proposal, the delay would be six months, not 18 months. Comments should be submitted by August 24, 2015. (6/23/2015) FINRA Regulatory Notice 15-24.