MFA submits comment letter to SEC on FINRA’s proposal to disseminate individual Treasury transactions

MFA has submitted comments to the Securities and Exchange Commission (SEC), expressing support for the Financial Industry Regulatory Authority’s (FINRA) proposal to disseminate information on individual on-the-run Treasury securities transactions.

The letter emphasizes that properly calibrated transparency efforts can enhance liquidity, lower costs for investors, and encourage greater participation in, and foster more efficient, Treasury securities markets. As such, MFA recommends the Commission approve the proposal as a starting point but urges FINRA to pursue additional steps to increase transparency and engage in further rulemaking to reduce reporting timeframes and expand the scope of instruments that are publicly reported on a transaction-by-transaction basis.