22 July, 2019
Working Group Updates 7/22/19
22 July, 2019
- FIF EBS Working Group - FIF updated a revised draft of an EBS comment letter by providing additional detail on the current time and resource burden required by broker-dealers to meet EBS reporting obligations. FIF also eliminated references to current issues with EBS and added additional detail on using CAT data to perform much of the market surveillance currently achieved through EBS. FIF submitted the comment letter to the SEC on Wednesday, July 17.
- FIF Back Office Committee - FIF was joined by DTCC Staff on considerations firms should be aware of leading up to the OYSYS System. Back Office Chairs then provided guidance and insight on recent implementation issues relating to exchange, utility, and industry initiatives as well as regulatory changes affecting securities processing and reporting. Please find this month's agenda here.
- FIF SEC Rule 606 Working Group - Reviewed the published liquidity indicator extension request proposed by the FIF/FIX Regulatory Reporting Working Group (comment period to end August 7). FIF also requested feedback on any additional FIX Tags/Values required to transmit 606 reportable information and reviewed the current status of FAQs. FIF scheduled a follow up call for Monday, July 22 @ 2:00pm
- FIF CAT Working Group- FIF reviewed the CAT Options Symbology List as well as Fractional Share Reporting within CAT. FIF also summarized it's Q&A session with FINRA CAT. Finally, FIF reviewed the FIF EBS comment letter.
- FIF CAT Tech Spec Working Group- FIF provided opportunity for questions on previously covered reporting scenarios. FIF also went through ATS cross scenarios (section 2.7), OTC Reporting scenarios (section 2.8), and Foreign scenarios (section 2.9).
Eduard Kotlyar