The next call for the FIF OTC Options Reporting Working Group will be on Tuesday September 6 at 11 am ET. The Working Group will continue its review of a draft FIF comment letter on FINRA Regulatory Notice 22-14, “OTC Options Reporting: FINRA Requests Comment on Proposed Trade Reporting Requirements for Over-The-Counter Options Transactions”. This group is meeting on Tuesday this week because of the Labor Day holiday; starting next week, this Working Group will revert to its normal weekly meeting time of Monday at 11 am ET.

The next call for the TRACE Working Group will be on Thursday September 8 at 10 am ET. The Working Group will continue its review of a draft FIF comment letter on FINRA Regulatory Notice 22-17 and MSRB Notice 2022-07. These regulatory notices propose to reduce to one minute the timeframe for reporting trades in corporate, agency and muni bonds. The Working Group also will review draft FIF members questions for FINRA relating to TRACE reporting for Covered Depository Institutions and TRACE reporting of foreign sovereign bonds. The Working Group also will discuss FINRA’s consideration of a requirement for the reporting of quotes in fixed income securities.

The FIF CAT Monthly Update Working Group call for September will be on Thursday September 8 at 2 pm ET. The Working Group will review guidance and updates from the CAT Plan Participants and FINRA CAT on CAT transaction reporting and CAT CAIS reporting during the prior month. The Working Group also will review the current areas of focus for FIF members and the current open issues for CAT transaction reporting and CAT CAIS reporting.

On Thursday September 15 at 2 pm ET, representatives from the EY Tax Team will present on IRC 1446(f), withholding on dispositions of partnership interests. FIF has invited members of the Tax Information Reporting Working Group, the Front and Back Office Committees, and the Compliance Working Group to participate on this call.

For the week of August 29 FIF has cancelled the regularly-scheduled Wednesday and Friday calls on CAT CAIS and the regularly-scheduled Wednesday call on CAT Transaction Reporting. FIF has scheduled a call for Wednesday August 31 at 2 pm ET to discuss whether firms include the mark-up, mark-down or commission when reporting the “price” field in CAT Allocation events. If you are interested in participating on this call, please send a note to fifinfo@fif.com, and we will include you on the invite.