08 December, 2025
Working Group Updates 12/8/2025
08 December, 2025
- SLATE Working Group. The SLATE Working Group discussed prioritization of issues to raise with the SEC, including the need for an extension of the current compliance date, reporting based on end-of-day positions, requesting an exemption for reporting by non-US lenders, rehypothecation, corporate actions, removing the requirements to report the loan close-out FTD flag, the source of loan and the borrower type values, allowing firms to report based on MPID or LEI, reporting for loans novated to the OCC, arranged financing, and the SLATE securities list.
- Rule 605 Working Group. The Rule 605 Working Group continued its discussion of whether and how to report orders with various characteristics, including pegged orders, trailing stop orders, conditional orders, hidden and reserve orders, orders where the limit and display prices are different, ISO orders and time managed orders.
- CAT Transaction Reporting and CAIS Working Groups. FIF hosted a joint call for the CAT Transaction Reporting and CAIS Working Groups. The Working Groups discussed CAT Fee Alert 2025-4 relating to CAT billing, the rule filing by CAT LLC relating to the CAT Executed Share Model, the new Account Holder Consistency Report Card created by FINRA, the rule filing by CAT LLC relating to CAT PII, and the November 12 updates to the CAT Transaction Reporting Technical Specifications document.
Eduard Kotlyar