New FIF Working Group: Securities Lending Transparency

FIF has created a new working group called the Securities Lending Transparency Working Group. This group will discuss and prepare a comment letter on the SEC’s November 18 rule proposal to create a new reporting system for securities lending. The reporting system, as proposed by the SEC, will apply to equities and bonds, including corporates, Treasuries, Agencies, asset and mortgage-backed securities, and municipal securities. The reporting system will include transaction and position reporting. In order to subscribe to this group, please either update your profile or email us at fifinfo@fif.com.

FIF will schedule the first call to discuss the SEC rule proposal for Tuesday, November 30 at 11am ET. For the first call, FIF will invite members of the TRACE, Short Sales/Reg SHO/Short Interest Reporting and Compliance Working Groups, as well as the new Securities Lending Transparency Working Group. This is to ensure that the relevant people are aware of the new rule proposal. For subsequent calls, FIF only will invite members of the new Securities Lending Transparency Working Group.

POSTED Nov 22,2021

Rule 606 Working Group

The Rule 606 Working Group will meet on Tuesday, November 23 at 11am ET to continue its discussion of a draft comment letter on FINRA Regulatory Notice 21-35, “FINRA Requests Comment on Proposed Order Routing Disclosure Requirements for OTC Equity Securities and Potential Steps to Facilitate Investor Access to Current Order Routing Disclosures for NMS Securities.” The Working Group also will discuss supplemental information to be submitted to the SEC relating to options look-through.

POSTED Nov 22,2021

FINRA Supplemental Liquidity Schedule (SLS)

FIF has scheduled a call for Wednesday, November 24 at 1:30pm ET to discuss FIF member questions relating to the Supplemental Liquidity Schedule (SLS) recently adopted by FINRA (see FINRA Regulatory Notice 21-31). The SLS takes effect on March 1, 2022. 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.

POSTED Nov 22,2021

TRACE Working Group: FINRA Filing to Amend TRACE Reporting for ATS Trades

On October 15, 2021, FINRA filed SR-FINRA-2021-029 with the SEC, “Proposed Rule Change to Amend FINRA Rule 6732 (Exemption from Trade Reporting Obligation for Certain Transactions on an Alternative Trading System)”. FIF has scheduled a call for the TRACE Working Group for Thursday December 2 at 11am ET to discuss FIF member comments on the rule filing.

POSTED Nov 22,2021

Presentation by CISA (Cybersecurity and Infrastructure Security Agency) to Cybersecurity and Compliance Working Groups

On Wednesday, December 15 at 10am ET Alaina R. Clark, Assistant Director for Stakeholder Engagement at the Cybersecurity and Infrastructure Security Agency (CISA), will present to a joint call of the FIF Cybersecurity and Compliance Working Groups. CISA is an agency within the Department of Homeland Security. Ms. Clark will discuss the role and functions of CISA, CISA’s current areas of focus, recommendations for industry members on cybersecurity processes and management, reporting of cybersecurity incidents, and opportunities for enhanced cooperation between the industry and federal regulators.

The invite for this presentation has been sent to all members of the FIF Cybersecurity Working Group and the newly-created FIF Compliance Working Group. If you are interested in participating on this call and do not have the invite in your calendar, please update your profile and add yourself to either the Cybersecurity Working Group or the Compliance Working Group. Alternatively, you can email fifinfo@fif.com to request an invite for this presentation.

POSTED Nov 22,2021

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