Because of the Labor Day weekend, the monthly CAT Committee call for September has been moved from September 2 to September 9, 2021 at 2pm ET.

On September 9, 2021 at 11am ET, the FIF Reg SHO/Short Interest Reporting Working Group will continue its discussion of a draft comment letter on FINRA Regulatory Notice 21-19, “FINRA Requests Comment on Short Interest Position Reporting Enhancements and Other Changes Related to Short Sale Reporting”.

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 has scheduled calls with two of the SEC Commissioners for September and October. FIF will schedule the next Rule 606 Working Group call after the initial SEC call.

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.

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.