[ by Howard Haykin ]

FINRA filed for immediate effectiveness to amend FINRA Rule 6730(e)(4) and extend a TRACE Pilot Program to 10/25/13.  The pilot program exempts from reporting to TRACE any transactions in TRACE-Eligible Securities that are executed on a facility of the NYSE in accordance with NYSE Rules 1400, 1401 and 86, and reported to NYSE in accordance with NYSE’s applicable trade reporting rules and disseminated publicly by NYSE.   The purpose of the exemption is to eliminate duplicative reporting requirements for these securities. 

Pilot Program Under FINRA Rule 6730(e)(4). Under a data sharing agreement between FINRA and NYSE, transactions in TRACE-Eligible Securities that usually would be reported to TRACE, are exempt from that obligation if the transaction is effected on a NYSE facility, then reported to and disseminated by the NYSE or an affiliate, in accordancewith NYSE trade reporting rules - Rules 1400, 1401, 86.   The pilot program is currently scheduled to expire on 10/25/12 – which is why an extension is requested.

The rule filing makes no other changes to the pilot program.  For further details, go to:  [FINRA Rule Filing 12-47, 10/12/12].