The next meeting of the FIF Rule 606 Working Group will be held on June 22 at 3 pm (ET). The Working Group will review a draft letter from FIF to the SEC requesting that the SEC issue updated FAQs on various topics, including options look-through, the Rule 606 definition of customer, and various ATS reporting scenarios.  

The next meeting of the FIF Rule 605 Working Group will be held on June 24 at 2 pm (ET). The Working Group will discuss a request from the SEC to provide feedback on a Rule 605-like execution quality report for options that the SEC is considering.

FIF has submitted a request to extend the Phase 2d requirement to report tidType in allocation events. FIF will soon be submitting a similar extension request for the reporting of route modification and cancel rejections.

• Back Office Committee. On June 15, Bill Kapogiannis and Diana Confessori-Simmons of DTCC will discuss the DTCC data warehousing initiative.
• Front Office Committee. On June 22, Chris Bok of OTC Markets will discuss the upcoming implementation of the amendments to SEC Rule 15c2-11 (“Publication or submission of quotations without specified information”), including rule changes, implementation status, and the status of impending guidance from the SEC.
• Data and Tech Committee. On June 30, Patrick Flannery of MayStreet will discuss “Market Data Delivery in the Cloud - Lessons Learned”.

• Short Interest Reporting. Mark Fitterman and Gavin Meyers of the Baker McKenzie Law Firm will present on FINRA Regulatory Notice 21-19 relating to “Short Interest Position Reporting Enhancements and Other Changes Related to Short Sale Reporting”.
• SEC Market Access Rule. FIF will host a webinar on the SEC’s market access rule (Rule 15c3-5) in early July.

 FIF will provide further detail when the dates for these two events have been finalized.