03 March, 2025
Working Group Updates 3/3/2025
03 March, 2025
- SLATE Working Group. The SLATE Working Group continued its discussions of the reporting of termination events. The Working Group discussed reporting for scenarios where settlement of the opening or closing leg of a transaction is delayed or a transaction is cancelled because it does not settle on the date that the transaction is agreed.
- SEC Transition Working Group. The SEC Transition Working Group continued its discussion of issues and recommendations for FIF to raise with the incoming SEC Chair during 2025, including proposed enhancements to the rulemaking process and recommendations relating to current rule implementations.
- Options Regulatory Fee Subgroup. The Options Regulatory Fee subgroup continued its discussion of the implementation of planned changes relating to the Options Regulatory Fee.
- Front Office Committee. The Front Office Committee reviewed applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges.
- Data and Technology Committees. The Data and Technology Committee reviewed capacity, latency and volume data for the prior month for the equity, options, currency, crypto and futures markets.
- Removal of PII from CAT. FIF hosted a joint call for the CAT CAIS and CAT Transaction Reporting Working Groups to continue the discussion of the removal of PII from CAT. The Working Groups discussed CAT Alert 2025-02, “Update Regarding SEC’s CAIS Exemption Order.” The Working Groups continued their discussion of a draft FIF letter to the SEC, the CAT Operating Committee and FINRA CAT relating to the removal of PII from CAT.
- CAT Transaction Reporting Working Group. The CAT Transaction Reporting Working Group discussed scenarios for reporting the BFMM Flag. The Working Group reviewed and discussed a draft FIF request for exemption on port settings.
Eduard Kotlyar