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FINRA Rule 6730

Requires member firms to report transactions in TRACE-eligible securities, including corporate bonds, municipal securities, and securitized products, to the TRACE system in a timely and accurate manner, with specific requirements for reporting price, capacity, volume, and other trade details.

Rule Overview

Jurisdiction: United States

Regulator: FINRA

Topic: Data reporting

Overview
Latest News
Further Reading

The rule sets forth the requirements for reporting transactions in TRACE-eligible Securities, including the timeframe for reporting, the information to be reported, and the procedures for reporting.

The rule requires member firms to report transactions as soon as practicable, but no later than within 15 minutes of the time of execution, and to provide detailed information about the transaction, including the security, price, size, and counterparties.

The rule also provides exemptions and exceptions for certain types of transactions, such as transfers of securities for the sole purpose of creating or redeeming an instrument that proves  ownership of the underlying securities.

Latest News More on FINRA Rule 6730 

Further Reading

FINRA Reg Notice 22-27 Go to https://www.finra.org/rules-guidance/notices/22-27 FINRA Reg Notice 22-12 Go to https://www.finra.org/rules-guidance/notices/22-12