FINRA has updated the TRACE New Issue Form available through the Firm Gateway. The form now accommodates entries for Corporate Bonds, Agency Debt, Equity-Linked Notes and Church Bonds to be added to the system without requiring FINRA Operations. The new issues will be electronically delivered to the TRAQS database for use in trade reporting TRACE-eligible securities.

Changes have been made to the way Corporates, Agencies, Equity-Linked Notes and Church Bonds are entered on the form. Firms should familiarize themselves with the new form before January 30, 2012. Securitized Product (MBS, CMO/ABS) entries will remain as currently designed.

Note: All existing New Issue Forms in a "DRAFT" status will be deleted from the Firm Gateway as of the close of business on January 27, 2012.

Firms subject to the requirements of FINRA Rules 6730 and 6760 must use the updated form to submit new issue information to FINRA beginning January 30, 2012.

View a table of the required fields for the TRACE New Issue form, and a mock-up of the form itself.

For assistance with this latest FINRA announcement contact the professionals at Cobia Compliance by clicking here.