The Financial Industry Regulatory Authority proposed a rule amendment to authorize additional time to members to report to the Transaction Reporting and Compliance Engine (known as “TRACE”) transactions in US Treasury Securities used to hedge a primary market transaction. While today such transactions must be reported on the same business day if executed through 5 p.m. ET, or by the next business day (T + 1) if executed after 5 p.m. ET, as proposed, all hedging treasury security transactions can be reported by T+1. Unrelatedly, the SEC approved a FINRA rule proposal to permit the use of electronic or manual signatures for discretionary accounts. Currently, only manual signatures are acceptable. FINRA also proposed rules to make permanent certain temporary rules currently in effect that address trading during periods of and after extraordinary market volatility.