SIA Submits Additional Comments to the SEC on the NASD Corporate Bond Trade Reporting Facility
The T+1 Streetside Fixed Income Working Group, a sub-group of the Securities Industry Association (SIA)* T+1 Streetside Committee, provides comments to theSecuritiesand Exchange Commission (SEC)on proposed amendments to the National Association of Securities Dealers, Inc. (NASD) Corporate Bond Trade Reporting Facility, File No. SR-NASD-99-65. The working group supports the comments filed by SIA in a separate correspondence and share concerns about bifrucated systems efforts, submission of clearance information and optional comparison discussed in SIA’s comments.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.