FIF Call with 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 has 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. This will be discussed further on the FIF CAIS Working Group call on Wednesday, September 1, 2021.

POSTED Aug 30,2021

FIF Rule 606 Working Group

The next meeting of the Rule 606 Working Group is scheduled for Monday, August 23, 2021 at 11 am ET. The Working Group will continue its review of a draft presentation to Securities and Exchange Commission personnel on look-through for Rule 606 reporting of options routing. The Working Group also will discuss reporting of order type arrangements under Rule 606(a)(1).

POSTED Aug 23,2021

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 23,2021

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. FIF reviewed the initial group of responses during our CAIS Working Group call on August 20, 2021. 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 23,2021

FIF Call with FINRA CAT on Reporting of Option Error Scenarios

On August 19, 2021, FIF had a call with FINRA CAT and the SROs to discuss CAT reporting for options errors. During the call, FIF reviewed with FINRA CAT and the SROs feedback from FIF members on current industry practices for reporting options errors.

POSTED Aug 23,2021

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