Options exchanges. Reuters summarized a proposal under consideration by US options exchanges that would address erroneous trading errors. (8/29/2014) Erroneous options.
TRACE amendments. The SEC has approved the Financial Industry Regulatory Authority’s proposed amendments to the Trade Reporting and Compliance Engine rules and dissemination protocols. The amendments provide for dissemination of transactions in an additional group of asset-backed securities and reduce the time frame for reporting such transactions. Transactions in private asset-backed securities will also be disseminated. The amendments are effective April 27, 2015. (8/22/2014) FINRA Regulatory Notice 14-34.
SD and MSP risk exposure reporting. The National Futures Association discussed new reporting requirements for swap dealers and major swap participants. NFA Compliance Rule 2-49 requires SDs and MSPs to submit to NFA reports, documents or notices, including those required by CFTC Regulation 3.3 or Part 23 of the CFTC regulations upon the NFA’s request. (8/22/2014) NFA Notice to Members I-14-20.
2014 Credit Derivatives Definitions. The International Swaps and Derivatives Association has launched the ISDA 2014 Credit Derivatives Definitions Protocol. (8/21/2014) ISDA press release.