17 November, 2025
Working Group Updates 11/17/2025
17 November, 2025
- Rule 605 Working Group. The Rule 605 Working Group continued its discussion of reporting for orders with specific handling instructions and characteristics, including retail-attested orders, peg orders, orders directed to a floor broker, guaranteed price orders, and market to limit orders.
- SLATE Working Group. The SLATE Working Group discussed reporting for arranged financing scenarios. The Working Group continued its discussion of a draft FIF letter to FINRA on reporting to SLATE based on the end-of-day status of a loan, including how new loans, modifications, cancels, corrections and deletions should be reported. The Working Group discussed recommendations to FINRA relating to reporting for loans entered into prior to the SLATE compliance date that are modified after the compliance date.
- CAT Transaction Reporting and CAIS Working Groups. FIF hosted a joint call for the CAT Transaction Reporting and CAIS Working Groups. The Working Group discussed the updated CAT budget for 2025. The Working Group discussed CAT reporting for orders with notional value and share limitations. The Working Group discussed a CAT processing issue on October 17. The Working Group discussed the current status on rep order linkage and RFQ responses that are not immediately actionable. The Working Group discussed the Office of Inspector General report on CAT data protection.
Eduard Kotlyar