On June 22, 2022, FINRA published Regulatory Notice 22-14, “OTC Options Reporting: FINRA Requests Comment on Proposed Trade Reporting Requirements for Over-The-Counter Options Transactions”. At the request of FIF members, FIF has scheduled a member call to discuss this Regulatory Notice. The call will be on Monday July 11 at 11 am ET. If you are interested in participating in member discussions on this topic, please send a note to fifinfo@fif.com, and we will include you in these discussions.

The FIF Back Office Committee will meet on Tuesday July 12 at 11 am ET to review applicable FICC, DTC, NSCC, SEC, MSRB, OCC, IRS and FINRA updates during the past month.

FINRA is sponsoring an industry webinar on TRACE reporting by Covered Depository Institutions. The webinar will be on Tuesday July 12, 2022 at 2 pm ET. During the call, FINRA will address administrative requirements, technical setup and support, software testing, the project timeline, and other questions participants may have about the project. Registration is required and is available via this link.

FIF has scheduled the next call for the Rule 605 Working Group for Tuesday July 12 at 3 pm ET. The agenda for the call will be to discuss recent statements by SEC Chair Gensler on the potential expansion of Rule 605 reporting.

The FIF Rule 606 Working Group will meet on Thursday July 14, 2022 at 2 pm ET to continue its discussion of Rule 606 reporting of held and not held orders and the SEC’s recent FAQ updates on Rule 606 reporting for fractional share orders.