The next call for the FIF Tax Information Reporting Working Group will be on Thursday May 18 at 3 pm ET. Stevie Conlon and other representatives from Wolters Kluwer will present on proposed regulations for crypto tax reporting.

On April 26, FIF submitted a comment letter to the SEC on a rule filing submitted by The Options Clearing Corporation (OCC) that would require immediate notification of security incidents to the OCC and various follow-up notification requirements. FIF would like to thank the members of the FIF Compliance and Surveillance Working Group and the FIF Cybersecurity Working Group for their contributions in the drafting of this comment letter.

On April 27, FIF submitted a supplemental comment letter to the Municipal Securities Rulemaking Board (MSRB) in response to a proposal by the MSRB to reduce the timeframe for reporting trades in municipal bonds. This comment letter was a supplement to the comment letter submitted by FIF to the MSRB in October 2022. FIF would like to thank the members of the FIF TRACE Working Group for their contributions in the drafting of this supplemental comment letter.

FIF has scheduled an additional call this week for the CAT Transaction Reporting Group to continue the discussion of CAT reporting for RFQ responses. This call is scheduled for Tuesday May 2 at 3 pm ET.

The FIF CAT Monthly Update Working Group call for May will be on Thursday May 4 at 2 pm ET. The Working Group will review guidance and updates from the CAT Plan Participants and FINRA CAT on CAT Transaction Reporting and CAT CAIS reporting during the prior month. The Working Group will also review the current areas of focus for FIF members and the current open issues for CAT Transaction Reporting and CAT CAIS reporting.