13 December, 2021
Working Group Updates 12-13-21
13 December, 2021
- Back Office Committee. The FIF Back Office Committee met on December 7 to review applicable FICC, DTC, NSCC, SEC, MSRB, OCC, IRS and FINRA updates during the past month. Please find this months agenda here.
- FIF CAT Tech Specs Working Group. The CAT Tech Specs Working Group reviewed updated FAQs from FINRA CAT relating to modification and cancel requests and linkage of representative and customer orders. The Working Group discussed issues and questions from FIF members relating to Multi-Leg option order scenarios and the timestamp for route, route modification and route cancel supplement events, which report rejected requests. The Working Group reviewed an update from Cboe that CAT Option Trade events are now available for testing in the C1 certification environment. The Working Group discussed the reporting of manual RFQ responses, IOIs and indicative quotes, which are currently scheduled to become reportable on July 31, 2023.
- FIF CAT CAIS Working Group. The CAIS Working Group discussed the SEC and CAT Operating Committee request for a call with FIF to discuss the time required by industry members to implement CAIS reporting of addresses at the CAT customer level. The Working Group continued its discussion of CAIS reporting for accounts where the disclosed principal is not a customer of the broker-dealer. The Working Group discussed issues and questions from FIF members relating to the following: file submissions; data inconsistencies; the CAT CAIS Reporter Portal; reporting Relationship FDIDs; prime broker scenarios; and account names with sensitive information.
Eduard Kotlyar