15 March, 2021
Working Group Update 3/15/2021
15 March, 2021
- FIF CAT Tech Specs Working Group. The CAT Tech Specs Working Group discussed comments and questions for FINRA CAT raised by FIF Members relating to the following topics: Reporting Exception Code ‘C’; automatic investment programs; TRF reporting for IDQS scenarios; the Quote Modified event; reporting allocations for when-issued and when-distributed securities; pre-IPO symbols; and corporate actions. The Working Group submitted comments and questions to FINRA CAT. The Working Group discussed issues and questions raised by FIF members relating to partial cancel scenarios, the OFF handlingInstruction, reporting prime done away activity, and the intra-day symbol list. The Working Group discussed CAT reporting for route modification and route cancel scenarios. The Working Group commenced its review of the updates to the CAT Technical Specifications and Reporting Scenarios documents issued by FINRA CAT on March 5, with a focus on Phase 2c changes relating to reporting of allocations.
- FIF CAT CAIS Working Group. The CAT CAIS Working Group reviewed and discussed an analysis of CAIS customer type reporting requirements prepared by an FIF Member. The Working Group discussed guidance from the Plan Participants relating to reporting of Transformed Identifiers. The Working Group discussed scenarios involving a clearing firm with the same customer at multiple introducing brokers. The Working Group reviewed the list of open issues on CAIS. FIF submitted comments and questions to FINRA CAT relating to the reporting of the start date for historical accounts and other issues.
Eduard Kotlyar