The Financial Industry Regulatory Authority has issued a trade reporting notice that addresses several issues in connection with reporting transactions to the Trade Reporting and Compliance Engine (TRACE) system involving TRACE-eligible securities. The notice contains questions and answers covering the following topics: (1) split-volume reporting; (2) reporting investment adviser-directed transactions; (3) reporting Securities Act of 1933 Regulation S transactions; (4) transfers establishing the underwriting syndicate; (5) firm commitments prior to final pricing; (6) transfers facilitating settlement; and (7) reporting transactions in collateralized mortgage obligations. The questions and answers in the notice will be incorporated in FINRA’s Reporting of Corporate and Agencies Debt FAQ and the Reporting of Mortgage and Asset Backed Securities (Securitized Products) FAQ. 

The notice is available here.