24 August, 2026
Working Group Updates 8/24/2026
24 August, 2026
- Trade Through Rule. FIF hosted a call for the Equity Market Regulations Working Group to discuss final changes to the FIF comment letter on the SEC rule proposal to rescind the trade through rule and the Reg NMS provisions relating to locking and crossing of quotations.
- Best Execution. FIF hosted a call for the Equity Market Regulations Working Group to discuss FINRA Regulatory Notice 26-15 on modernizing FINRA’s best execution guidance.
- Counterparty Onboarding and Periodic Refresh; Supervisory Controls for Single Stock Futures. FIF hosted a call for the Compliance and Surveillance Working Group to discuss creating a contact list (similar to the CAT Contact List) to assist broker-dealers with onboarding broker-dealer counterparties and conducting periodic refresh processes with broker-dealer counterparties. The Working Group discussed challenges with implementing supervisory controls for single stock futures.
- Back Office Committee. The Back Office Committee reviewed applicable FICC, DTC, NSCC, SEC, MSRB, OCC and FINRA updates during the past month.
- Short Interest Reporting. FIF hosted a call for the Short Sales / Reg SHO / Short Reporting Working Group to discuss Short Interest Reporting for corporate actions and deleted symbols. The Working Group discussed the recent withdrawal of the Short Interest Reporting rule filing by FINRA and FINRA’s plan to resubmit at a future date.
- 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 the interval for CAT clock synchronization, CAT reporting for KPI options, and reporting CAT start and end times. The Working Groups discussed a revised FIF letter to CAT LLC, FINRA and FINRA CAT relating to proposed changes to the tradingSession field in connection with the planned expansion of exchange trading hours.
Eduard Kotlyar