Reminder - TRACE Depository Institution Reporting

As announced by the Board of the Federal Reserve System in the Federal Register on October 28, 2021, FINRA will collect detailed data on depository institutions' daily transactions of marketable U.S. Treasury securities and of the debt and MBS issued by U.S. federal government agencies including government-sponsored enterprises (agencies) via its Trade Reporting and Compliance Engine (TRACE). 

As a reminder, the effective date for this program is Thursday, September 1, 2022.

FINRA has updated its dedicated web page referencing this initiative, and firms are encouraged to review the project checklist timeline to ensure they are on track to meet requirements.  Also, in addition to the previously announced August 6, 2022, production User Acceptance Test (UAT), FINRA will conduct a production UAT on Saturday, August 20, 2022.  FINRA will issue invitations to the tests as the dates approach.

Please contact FINRA Product Management or call (866) 899-2107 with questions regarding this notice.