20 October, 2025
Working Group Updates 10/20/2025
20 October, 2025
- SLATE Working Group. FIF hosted two calls for the SLATE Working Group this past week. During the first call, the Working Group discussed the reporting of null values, SLATE reporting for collateral pledges, reporting based on CUSIP instead of ticker symbol, rehypothecation, reporting of loans by the Federal Reserve, and post-maturity correction of a bond that was loaned prior to maturity. The Working Group also discussed current FIF member implementation plans given the recent court decision to remand SLATE back to the SEC. During the second call, the Working Group continued its discussion of whether firms should report all loan events or only report based on the status of a loan at the end of the day.
- CAT Port Settings. FIF hosted a call for the CAT Transaction Reporting Working Group focused on port settings. The Working Group discussed a draft FIF request for a permanent exemption relating to the CAT reporting of port settings.
- 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 requesting interpretive guidance that firms are not required to repair historical errors beyond three years. The Working Groups discussed a recent note from CAT LLC on CAT costs. FIF members provided an update on an October 3 discussion with FINRA CAT relating to CAT portal issues. The Working Groups discussed the September 30 updates to the CAT Transaction Reporting Technical Specifications. The Working Groups discussed a draft FIF comment to FINRA CAT relating to orders that have both notional value and share limitations.
Eduard Kotlyar