Rule 606 Working Group

On September 30, members of the FIF Rule 606 Working Group met with the staff of the SEC’s Division of Trading and Markets to discuss the challenges with Rule 606 look-though for options. The next meeting of the FIF Rule 606 Working Group is scheduled for Thursday October 14 at 10am ET. During this meeting, Working Group members will review a draft request for exemptive relief relating to options look-through to be submitted by FIF to the SEC. Working Group members also will discuss Rule 606 reporting for multi-leg orders and FINRA’s recent Regulatory Notice 21-35, which proposes to extend Rule 606 reporting to OTC equities.