27 December, 2021
Working Group Updates 12-27-21
27 December, 2021
- FIF TRACE Working Group. The TRACE Working Group made final edits to a comment letter on SR-FINRA-2021-030, “Notice of Filing of Proposed Rule Change to Amend FINRA Rule 6730 to Require Members to Append Modifiers to Delayed Treasury Spot and Portfolio Trades When Reporting to TRACE.”
- FIF Securities Lending Transaction Working Group. The Securities Lending Transaction Working Group continued its discussion of the SEC’s November 18 rule proposal to create a new reporting system for securities lending.
- FIF CAT Tech Specs Working Group. The CAT Tech Specs Working Group reviewed updated FAQs on reporting a side value of short exempt and reporting of representative orders. The Working Group discussed issues and questions from FIF members relating to GTC buy-writes received prior to Phase 2d and Multi-Leg orders split for routing. The Working Group reviewed draft FIF member comments and questions for FINRA CAT relating to stats on industry-wide reporting, optionally reporting an unsolicited cancel or modification, reporting the YE flag where there are no customer orders, and the description of the DVPCustodianID field. FIF provided an update on FIF’s discussions with FINRA CAT on December 10 relating to reporting for an algorithmic strategy involving multiple component securities and reporting when at least one but not all legs of a multi-leg strategy are known at the time the instruction is given.
- FIF CAT CAIS Working Group. The CAT CAIS Working Group reviewed an updated draft of an FIF CAIS survey request relating to reporting addresses at the CAT Customer level for accounts with multiple Beneficial Owners and reporting CAIS data for Authorized Traders. The Working Group discussed issues and questions from FIF members relating to CAIS error codes for the reporting of inconsistent CAIS records for the same CAT Customer and reporting for Authorized Traders. The Working started its review of the December 17, 2021 updates to the CAIS CCID Technical Specifications document.
Eduard Kotlyar