Securities and Exchange Commission
Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Securities and Exchange Commission [Release No. 34-105991; File No. SR-FINRA-2026-009] July 24, 2026. I. Introduction On April 22, 2026, the Financial Industry Regulatory Authority, Inc. (“FINRA”) filed with the Securities and Exchange Commission (“Commission”), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Exchange Act”), [ 1 ] and Rule 19b-4 thereunder, [ 2 ] a proposed rule change to amend the FINRA Rule 6700 Series to expand the scope of the non-member affiliate—principal transaction indicator to also include member affiliates. The proposed rule change was published for comment in the Federal Register on May 6, 2026. [ 3 ] On June 10, 2026, pursuant to Section 19(b)(2) of the Exchange Act, [ 4 ] the Commission designated a longer period within which to approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether to approve or disapprove the proposed rule change. [ 5 ] This order approves the proposed rule change. II. Summary of the Proposed Rule Change As FINRA states in the Notice, in 2015 FINRA adopted rules related to the reporting of TRACE-Eligible Securities, [ 6 ] which established the non-member affiliate—principal transaction indicator and required members to identify in TRACE reports transactions between the member and its non-member affiliate, where the member also engaged in a same-day, same-price transaction in the same security with …
Citation: 91 FR 47909
