FIF has scheduled the next call for the FIF Short Sales / Reg SHO / Short Reporting Working Group for Thursday May 9 at 3 pm ET. The Working Group will continue its review and discussion of a draft FIF letter to the SEC requesting guidance on the implementation of SEC Rule 13f-2 on Short Position and Short Activity Reporting. The Working Group will also review guidance provided by the SEC relating to the jurisdictional scope of Form SHO reporting in the SEC’s reply brief in the litigation challenging the SEC rule.  

On Monday May 13 at 2 pm ET, Ignacio Sandoval of the Orrick Law Firm will review the recent FINRA rule filing for the SLATE (Securities Lending and Transparency Engine) system to be developed and operated by FINRA. FIF has invited the members of the FIF Securities Lending Transparency Working Group to participate on this call. 

FIF is pleased to welcome Vision Financial Markets to the FIF Community

On Monday May 6^th, FIF will hold an in-person event at the offices of OTC Markets (300 Vesey Street, New York, NY 10282). There will be two panels. Our first panel of the evening will be “Digital Assets:  Regulations, Processing & Technology”. The panel will cover public and private securities from issuance to trading, settlement and custody. On the panel will be Shawn Sloves of Fundamental Interactions, Tom Sullivan of Société Générale and Dan Zinn of OTC Markets. The panel will be moderated by FIF Advisory Chair, Tom Jordan. The second panel is “Current Regulatory Implementation Challenges” and will include a discussion of SEC Rule 605, FINRA Rule 6151 (Rule 606 filings with FINRA), SEC Rule 13f-2 (short position reporting), CAT, fractional shares on the TRF, and one minute reporting to TRACE. On the panel will be David Emero of n-Tier fs, Thomas Hochleutner of Clear Street, Alex Raisch of SMBC Nikko and Jacki VanMoer of Goldman Sachs. The panel will be moderated by FIF Managing Director, Howard Meyerson.   

Registration in the lobby begins at 4:15 pm. The speaking engagement will be from 5-6:30 pm with refreshments and networking afterwards from 6:30-8 pm. Capacity has been reached for this event, if you would like to be added to the waiting list, please contact us at fifinfo@fif.com. FIF would like to thank OTC Markets for sponsoring this event.

The next call for the TRACE Working Group will be on Monday April 29 at 1 pm ET. The Working Group will review the April 22 SEC Order requesting additional comments in response to the January 11, 2024 FINRA rule filing (SR-FINRA-2024-004) to reduce to one minute the TRACE reporting timeframe for securities that are currently subject to a 15-minute reporting timeframe. The Working Group will also review the SEC Order requesting additional comments in response to the January 12, 2024 MSRB rule filing (SR-MSRB-2024-01) to reduce the reporting timeframe for municipal bonds from 15 minutes to one minute.