15 July, 2019
Working Group Updates - 7/15/19
15 July, 2019
- FIF SEC Rule 606 Working Group - FIF provided an update on 606 FAQs as well as a proposal for a requested extension in the compliance date. FIF also proposed/vetted a potential solution to facilitate a more steamlined process to report order execution data. Finally, FIF reviewed a draft of an anticipated 606(b)(3) template based upon the Commission's interpretation of how venue should be reported.
- FIF Cybersecurity Working Group - FIF reviewed the Financial Services Sector Cybersecurity Profile from the FSSCC. FIF also discussed an article focusing on current cybersecurity threats aimed at the financial industry. Finally, FIF reviewed their previous comment letter on CAT security and next steps.
- FIF CAT Working Group - Reviewed the recent meeting with Commission Staff on Large Trader Rule Phase 3 reccomendations and next steps. FIF also discussed the FINRA CAT/SRO proposal for Industry Member CAT Q&A sessions focused on providing industry members with verbal guidance on outstanding CAT implementation issues, and provided an updated version of the issue list previously disseminated to the SROs. Finally, FIF provided members with an update on CAT Connectivity and Phase 2c/Phase 2d issue prioritzation and next steps.
- FIF CAT Tech Spec Working Group - FIF continued review of the CAT Industry Member Reporting Scenarios Document(v2.1) beginning with section 2.7 (ATS Reporting scenarios).
Eduard Kotlyar