16 February, 2021
Working Group Update 2/16/2021
16 February, 2021
- FIF Tech Specs Working Group. The Working Group discussed the most recent updates to the CAT Reporting Technical Specifications and Reporting Scenarios for Phase 2c, including a change to the unique identifier description for multiple event types, new permitted reporting for allocation cancels, new allocationType values for foreign securities and the new TTSO handlingInstruction. The Working Group reviewed and discussed comments relating to RFQ reporting, and FIF submitted these comments to FINRA CAT. The Working Group reviewed and discussed the most recent updates to the CAT Reporting Technical Specifications for Phase 2d, including changes relating to IDQS reporting and the ability to use the TRF Reporting Exception Code of “C”.
- FIF CAT CAIS Working Group. The CAIS Working Group reviewed and discussed the February 9 FINRA CAT Customer and Account Reporting Requirements and CAIS Technical Specification Overview. The Working Group reviewed and discussed comments and questions to be submitted to FINRA CAT relating to primeBrokerID, bankDepositoryID and clearingBrokerID, Customer and Account Addresses, full file submission and foreignTIDType. The Working Group discussed issues relating to the reporting of fdidDate, customerStartDate and customerEndDate.
- FIF Rule 606 Working Group. The Working Group discussed recent guidance from the SEC staff on routing to an options broker that has a relationship with an unaffiliated market maker and on not held IOC orders. The Working Group also discussed a Rule 606(b)(3) formatting issue, Rule 606 venue identifiers, reporting of index options, and reporting MOC/LOC orders as held or not held.
Eduard Kotlyar