The SEC has scheduled an open meeting for Wednesday March 6 at 9:45 am. The first item on the agenda is to “consider whether to adopt amendments … that would expand the scope of entities subject to Rule 605, modify the categorization and content of order information reported under the rule, and require reporting entities to produce a summary report of execution quality.” The second item on the agenda is to “consider whether to adopt rules to require registrants to provide certain climate-related information in their registration statements and annual reports.” You can access the meeting from the SEC’s home page at the scheduled time for the meeting.

FIF has scheduled a call for the T+1 / Trade Date Affirmations subgroup for Thursday March 7 at 11 am ET to continue the discussion of issues and questions from members relating to the implementation of T+1 and the requirement for trade-date affirmations. 

The FIF CAT Monthly Update Working Group call for March will be on Thursday March 7 at 2 pm ET. The Working Group will review guidance and updates from the CAT Plan Participants and FINRA CAT on CAT Transaction Reporting, CAT CAIS and CAT billing reporting during the prior month. The Working Group will also review the current areas of focus for FIF members and the current open issues for CAT Transaction Reporting, CAT CAIS reporting and CAT billing.

FIF has scheduled a call for the Rule 605 and 606 Working Groups for Monday March 11 at 2 pm ET as a follow-up to the SEC open meeting on Rule 605, which is scheduled for March 6. The Working Group will review the changes to Rule 605 that are adopted by the SEC. The Working Group will also discuss FINRA Regulatory Notice 24-05, which announces the new requirement for FINRA members to file their quarterly Rule 606(a) reports with FINRA.   

On February 26 FIF submitted a supplemental comment letter to the SEC on (i) the January 11 rule filing by FINRA to reduce to one minute the TRACE reporting timeframe for securities that are currently subject to a fifteen-minute reporting timeframe and (ii) the parallel rule filing by the MSRB on January 12. FIF would like to thank the members of the FIF TRACE / Fixed Income Working Group for their participation in the drafting of this comment letter.