On April 29, FIF submitted a comment letter to request that the CAT Operating Committee provide additional information to industry members relating to the CAT revised funding model.

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.

The next meeting of the FIF Rule 606 Working Group will be held on May 4 at 2 pm (ET). The Working Group will update on a recent discussion with the SEC staff relating to the Rule 606 de minimis exceptions and discuss issues and questions raised by FIF members relating to identification of the account level in an RIA scenario, aggregated customer orders and options look-through.

Jordan & Jordan in partnership with FIF and RIXML held a SPAC webinar on 4/28 to discuss the growth of SPACs, structure/process, and much more. The panel for the webinar included Kristi Marvin of SPACInsider, Douglas Ellenoff of Ellenoff Grossman & Schole LLP, Amanda Hindlian of NYSE and Tom Jordan of Jordan & Jordan. Thank you to all of you who attended. 

Join Jordan & Jordan in partnership with FIF and RIXML for a SPAC webinar to discuss the growth of SPACs, structure/process, and much more. The webinar will take place on 4/28 at 1pm est. The panel for the webinar will include Kristi Marvin of SPACInsider, Douglas Ellenoff of Ellenoff Grossman & Schole LLP, Amanda Hindlian of NYSE and Tom Jordan of Jordan & Jordan. For more information on how to register visit here.