FIF Submits Feedback to FINRA CAT on Reporting of registeredRepCRD and branchOfficeCRD for CAIS

On August 27, 2021, FIF members participated on a call with FINRA CAT and the SROs to discuss the reporting of the registeredRepCRD and branchOfficeCRD fields for CAIS. As a follow-up, FIF sent a survey to members of the CAIS Working Group requesting feedback on the different group coverage models that firms implement, what activities are permitted and not permitted for group coverage personnel, and what is the work that would be required for firms to collect and report the CRDs for all registered reps assigned to accounts. Based on FIF member responses and Working Group discussions, on September 3, 2021, FIF submitted comments to FINRA CAT on the reporting of these fields.

POSTED Sep 07,2021

New FIF Phone Number

You may reach FIF at its new phone number: 1-914-200-3032. Emailing fifinfo@fif.com is still preferred, but the option is now available again.

POSTED Aug 30,2021

FIF Survey on Rule 605 for Options

On August 10, 2021, FIF sent a survey to FIF members on Rule 605 for options. This is an opportunity for FIF members to provide input to the SEC before the SEC issues a rule proposal in this area. FIF requests that members provide their survey responses by September 13, 2021. Earlier responses also are welcome. All responses are anonymized.

POSTED Aug 30,2021

FIF Rule 606 Working Group

After a series of Working Group discussions, FIF has requested calls with the SEC Division of Trading and Markets personnel and the SEC Commissioners and their advisers to discuss look-through for Rule 606 reporting of options routing. FIF expects that these calls will be held during September and October.

POSTED Aug 30,2021

FIF Survey on CAT CAIS Open Issues

On August 12, 2021, FIF sent out a survey request to get feedback from FIF member firms on what they consider to be the most important open issues relating to CAT CAIS. The purpose for this survey is to assist the Working Group to identify the key open issues on CAIS and discuss any next steps for following-up with the regulators on these issues. All responses are anonymized. The FIF Cat CAIS Working Group has reviewed the responses received to date. FIF encourages members to continue to submit responses to this survey, as the Working Group will continue to review responses as they are received.

POSTED Aug 30,2021

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