FIF has scheduled a call for Thursday August 17 at 11 am ET to continue the FIF member discussion of enhancing the reconciliation process for Section 31 fees. During the call, the group will review a draft proposal to FINRA requesting that FINRA provide clearing and executing firms with a monthly report of trade executions and the amount charged for each trade execution. If you would like to participate on this call and have not previously notified FIF of your interest in this topic, please send a note to fifinfo@fif.com.

Next Bridge Hydrocarbons recently filed a Form S-1 registration statement with the SEC to distribute non-transferable subscription rights only to holders who register their Next Bridge common stock directly with the company's transfer agent. This is a press release issued by Next Bridge. If you are interested in discussing this issue with other FIF members, please send a note to fifinfo@fif.com.

FIF was featured recently in two articles. An article by Howard Meyerson can be found on the TabbForum here: Recent CAT Developments: Here’s What’s New After 11 Years and an article on FIFs recent letter to the SEC could be found on the publication Regulatory Intelligence here: SIFMA and FIF Ask SEC to Reconsider the Costs of Funding the NMS CAT.

On July 31 FIF submitted a joint comment letter with SIFMA focused on the magnitude of CAT operating costs and the recent annual increases in CAT operating costs, which are not sustainable over the long-term. FIF would like to thank the members of the CAT Transaction Reporting Working Group for their contributions in the drafting of this comment letter.

FIF has scheduled a call for Tuesday August 8 at 2 pm ET to review a draft letter to FINRA requesting the retirement of TRF reporting requirements that are duplicative of CAT (for example, regulatory reports to the TRF). If you would like to participate on this call and have not previously notified FIF of your interest in this topic, please send a note to fifinfo@fif.com.