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POSTED Feb 07,2022
FIF CAT CAIS Working Group
FIF has scheduled an additional call this week for the FIF CAT CAIS Working Group to focus on proposed extension requests for the CAIS CCID phase. The call will be on Monday, February 7 at 11am ET. This will be in addition to the regularly-scheduled Wednesday and Friday CAIS calls this week.
POSTED Feb 07,2022
FIF Rule 606 Working Group
The FIF Rule 606 Working Group will meet on Tuesday, February 8 at 2pm ET to discuss a draft interchange report to facilitate Rule 606(a) options look-through reporting, Rule 606 reporting for cash value orders that involve fractional shares, and the FINRA proposal to require reporting for routes in OTC equities. The Working Group also will review a recent filing by the SEC with the Office of Management and Budget (OMB) that estimates the annual costs to the industry for Rule 606 compliance.
POSTED Feb 07,2022
FIF TRACE Working Group
The FIF TRACE Working Group will meet on Thursday, February 10 at 2pm ET to continue its discussion of the rule adopted by the Federal Reserve Board to expand TRACE reporting for Treasury and agency securities to certain depository institutions that are not broker-dealers. The Working Group will continue its review of draft FIF member questions to FINRA relating to implementation of the new reporting requirements.
POSTED Feb 07,2022
Spotlight Presentation on FINRA Rule Changes for Covered Agency Transaction Margin Requirements and Security-Based Swaps
On Thursday, February 10 at 3 pm, Steven Lofchie and Nihal Patel of Cadwalader, Wickersham & Taft LLP will present on the SEC’s recent approval of a FINRA rule filing relating to margin requirements for covered agency transactions. They will also review a recently approved FINRA rulemaking to apply FINRA rules (including margin) to security-based swaps entered into by broker-dealers as principal or agent. They will also discuss the status of other developments relating to margin requirements for broker-dealers. The invite for this presentation has been sent to the members of the FIF Back Office Committee and the Compliance and TRACE/Fixed Income Working Groups. If you are interested in attending this presentation and do not have the invite in your calendar, please either update your profile or email us at fifinfo@fif.com.
POSTED Feb 07,2022