CAT Operating Committee Provides Additional Information Relating to CAT Revised Funding Model

On April 29, FIF submitted a comment letter to the Securities and Exchange Commission to request that the CAT Operating Committee provide additional information to industry members to assist industry members in evaluating the CAT revised funding model proposal. In response, on March 5, the CAT Operating Committee filed a comment letter with the SEC providing additional information to assist industry members in evaluating the revised funding model proposal.

POSTED May 10,2021

Call with FINRA CAT to request relief relating to IDQS reporting

On May 6, a FIF sub-group participated on a call with FINRA CAT to discuss requested relief for industry members from reporting Quote events that are separately reported by an IDQS. The sub-group also requested interpretive guidance relating to the reporting of the unsolicited indicator for Quote events and the reporting of the unpriced side of a Quote. If you are interested in participating in this discussion, please send a note to fifinfo@fif.com, and we will include you in the sub-group.

POSTED May 10,2021

Sub-group to discuss recent FINRA TRF reporting FAQs that impact ETF NAV trading

FIF Members have identified a challenge with a recent set of FAQs issued by FINRA (100.8; 313.1-313.4) that impact TRF reporting for Net Asset Value (NAV) trades. If the NAV for an ETF is determined in the evening and the TRF report is submitted the following morning with a T+1 trade date, this presents certain challenges for the institutional customer. FIF has created a sub-group to discuss this issue. If you are interested in participating in this discussion, please send a note to fifinfo@fif.com, and we will include you in the sub-group.

POSTED May 10,2021

New Sub-group to Discuss Recent FINRA TRF Reporting FAQs that Impact ETF NAV Trading

FIF members have identified a challenge with the recent set of FAQs issued by FINRA (100.8; 313.1-313.4) that impact TRF reporting for Net Asset Value (NAV) trades. If the NAV for an ETF is determined in the evening and the TRF report is submitted the following morning with a T+1 trade date, this presents certain challenges for the institutional customer.

FIF is creating a sub-group to discuss this issue. If you are interested in participating in this discussion, please send a note to fifinfo@fif.com, and we will include you in the sub-group.

POSTED May 03,2021

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