21 December, 2020
Working Group Update 12/21/2020
21 December, 2020
- FIF CAT Tech Specs Working Group. The CAT Tech Specs Working Group discussed the new intra-day equity and option symbol file to be provided by FINRA CAT. The Working Group reviewed the December 4 updates to the Phase 2c Reporting Scenarios document, including updates relating to reporting of principal trades to fulfill Manning rule obligations, internal route modifications, eventTimestamp and requestTimestamp relating to Order Modified and Order Cancelled events, reporting for Trailing Stop orders, reporting when the Stop Price is based on an underlying condition, reporting of the CSC handlingInstruction, and reporting of allocation amendments. The Working Group discussed Table 6 of the Technical Specifications document and the reporting of route modification and route cancel events.
- FIF CAT CAIS Working Group. The CAT CAIS Working Group discussed issues relating to the reporting of LTIDs for relationship FDIDs. The Working Group discussed LEIs as an identifier. The Working Group reviewed a list showing the current status of issues raised by FIF members and discussed next steps.
- FIF Cybersecurity Working Group. Al Berg from Endava discussed the wide variety of tools and techniques attackers have at their disposal today. Al dove into what techniques have paid off for the attackers and what defensive strategies defenders can deploy to get the most bang for their security buck. The group also took a look at a FINRA cybersecurity alert and reviewed a recent FBI webinar on cyber crime.
- FIF Tax Information Reporting Working Group. On December 16th, our Co-Chairs from Refinitiv and guest speakers from Ernst & Young presented on the current state of withholding for broker-dealers and provide an overview on the current state of reporting and filing practices for broker-dealers. Since tax season is upon us, the group will be taking a January-April break again this year. However, there will be two spotlight presentations by Wolters Kluwer during the months of January and February on virtual currency. If you did not receive the invite to the January spotlight presentation, please email us at
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Eduard Kotlyar