15 September, 2025
Working Group Updates 9/15/2025
15 September, 2025
- SLATE and Short Sale Working Groups. FIF hosted a joint call for the SLATE and Short Sales / Reg SHO / Short Reporting Working Groups. The Working Groups discussed next steps in response to the September 5 statement published by SEC Chairman Atkins relating to the securities loan reporting and short position reporting rules.
- SLATE Working Group. In addition to the joint Working Group call described above, FIF hosted a call for the SLATE Working Group only. The Working Group discussed recommendations to raise with FINRA to address current challenges with SLATE reporting.
- SIP Odd Lots. FIF hosted a joint call for the Data and Technology Committee and the Equity Market Regulations Working Group. The Committee and Working Group continued the review and discussion of the technical documentation published by the SIPs relating to the dissemination of odd lot data.
- TRF / ORF Working Group. The TRF / ORF Working Group discussed a draft supplemental FIF comment letter to the SEC in response to the rule filing by FINRA to expand the hours of operation of the TRFs. FIF submitted this comment letter to the SEC.
- OFR Repo Reporting. The OFR Repo Reporting Working Group discussed a draft FIF letter to the Treasury Department’s Office of Financial Research (OFR) relating to the reporting of non-centrally cleared bilateral repos. FIF submitted this letter to the OFR.
- CAT Monthly Update Working Group. The CAT Monthly Update Working Group reviewed guidance and updates from the CAT Plan Participants and FINRA CAT on CAT Transaction Reporting, CAT CAIS and CAT billing during the prior month. The Working Group reviewed the current areas of focus for FIF members and the current open issues for CAT Transaction Reporting, CAT CAIS reporting and CAT billing.
- 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 FINRA’s withdrawal of its CAT cost recovery fee. The Working Groups discussed the plan amendment filed by CAT LLC relating to CAT billing. The Working Groups reviewed revised draft FAQs to be submitted by FIF to FINRA CAT relating to reporting for Rule 15a-6 scenarios. The Working Groups discussed CAT reporting for buy-in scenarios. The Working Groups reviewed the most recent updates to the CAT Transaction Reporting and CAT Billing technical specifications documents.
Eduard Kotlyar