FIF News

Margin Requirements for Covered Agency Transactions

13 November 2023

On Thursday November 16 at 2 pm ET, Ignacio Sandoval of the Morgan Lewis law firm will review the new margin requirements for Covered Agency Transactions, which are scheduled to take effect on May 22, 2024. FIF has invited t…

Clock Synchronization Requirements for Debt Securities

13 November 2023

An FIF member would like to discuss with other FIF members implementing clock synchronization requirements for debt securities based on FINRA Rule 4590, Supplementary Material .02. If you would like to participate in this di…

FIF Year-End Event at Société Générale

06 November 2023

FIF is excited to announce our 2023 year-end event, sponsored by Société Générale. After opening remarks from Société Générale, there will be two panels: the first focusing on technology, specifically trading and market data…

Section 31 Sub-Group

06 November 2023

On November 2, FIF submitted a presentation to FINRA that discusses (i) the current challenges faced by industry members in reconciling the FINRA Regulatory Transaction Fee (charged by FINRA to recoup Section 31 fees) a…

Reporting of Securities Loans

06 November 2023

FIF has scheduled the next call for the FIF Securities Lending Transparency Working Group for Monday November 6 at 2 pm ET. Ignacio Sandoval of the Morgan Lewis law firm will complete the review of the SEC’s recently-adopted…

Rule 606 Working Group

06 November 2023

FIF has scheduled the next call for the FIF Rule 606 Working Group for Monday November 6 at 3:30 pm ET to continue the discussion of Rule 606 reporting for the pass-through of CAT fees. The Working Group will also discuss is…

Second FINRA CAT Webinar on CAT Billing

06 November 2023

FINRA CAT will host a second CAT Billing Webinar on Tuesday November 7 at 4:15 pm ET. FIF has sent a calendar invite for this webinar to the members of the FIF CAT Transaction Reporting Working Group.

Regulatory Reporting Fines for 2022 and 2023

06 November 2023

FIF has scheduled a call for Thursday November 9 at 2 pm ET to continue the review of regulatory reporting fines for 2022 and 2023. The Working Group will also review a summary of findings for each regulatory report, includi…

Electronic Recordkeeping

06 November 2023

An FIF member would like to discuss with other members the requirement under SEC Rule 17a-11(c) for a broker-dealer to provide same-day notice to the SEC and FINRA if the firm fails to make and keep current any books and rec…

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