28 September, 2026
Working Group Updates 9/28/2026
28 September, 2026
- TRACE Working Group. The TRACE Working Group discussed the first draft of an FIF letter to FINRA and the Federal Reserve Board relating to implementation of the amendments to the affiliate - principal transaction indicator, including reporting by Covered Depository Institutions. The Working Group discussed various reporting scenarios, including scenarios where the quantities of the two legs are not equal.
- Rule 605 Working Group. The Rule 605 Working Group discussed whether a firm that does not have any reportable activity for a month is required to generate a Rule 605 summary report for the applicable month. The Working Group discussed a revised draft FIF letter to the SEC relating to whether orders with counterparty restrictions are subject to Rule 605 reporting.
- Tax Information Reporting Working Group. FIF hosted a call for the Tax Information Reporting Working Group. Representatives from Wolters Kluwer discussed best practices and concerns related to basis and other information for transferred securities.
- Front Office Committee. The Front Office Committee reviewed applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges.
- CAT Transaction Reporting and CAT Reference Database Working Groups. FIF hosted a joint call for the CAT Transaction Reporting and CAT Reference Database Working Groups. The Working Groups discussed a revised draft FIF letter to the SEC, CAT LLC, FINRA and FINRA CAT relating to validation of CAT symbols for expanded exchange trading hours, representative order linkage, timestamp granularity and clock synchronization. The Working Groups discussed prioritized recommendations previously submitted by FIF to CAT LLC, FINRA and FINRA CAT and proposed next steps.
Eduard Kotlyar