10 December, 2018
Working Group Updates (Week of 12/3)
10 December, 2018
- FIF/SIFMA LTID Phase 3 Working Group - Discussed potential options to comply with LTID Phase III’s requirements to prepare for future meetings with the SEC Staff. Analyzed initial alternatives.
- FIF CAT Tech Spec Working Group - FIF began reviewing sections 2.1 and 2.2 of the CAT Industry Member Reporting Scenarios Document. During the review, FIF members discussed the application of the scenarios, and elicited additional use cases, questions, and requests for further guidance that will be distributed to ThesysCAT and the SROs. As a reminder, as your firm continues analyzing the technical specification and begins the coding process, any issues that have yet to be identfied/raised to the SROs/ThesysCAT should be sent to the program office.
- FIF CAT Working Group - Reviewed the draft letter to the Commission on the current status of CAT. Reviewed the deep-dive discussion materials discussed with the SROs/Thesys CAT on the CAT Testing/Error Correction Process, and went over feedback on the SROs current FDID construct.
- FIF Rule 606 Working Group - Reviewed issues and questions discussed during previous call/submitted subsequently to FIF. Discussed the format of feedback (i.e. comment letter). Solicited additional interpretative questions. Continued review of the rule, soliciting best practice recommendations to assist with Rule 606 implementation.
Eduard Kotlyar