FIF Reg ATS-N Working Group -  FIF followed up with the group to gather additional feedback on the ATS's initial Reg ATS-N filing experiences. The feedback was incorporated into supplemental recommendations to FIF's prior comment letter on FIF Member ATS initial experience with filing Form ATS. FIF Front Office Committee - Please find this months' front office committee agenda here.  FIF CAT Tech Spec Working Group - Reviewed FIF description of challenges and recommendations related to remaining Phase 2c CAT reporting challenges and...

  FIF CAT Committee -  FIF reviewed the next steps following the initial Phase 2c CAT Industry Member Tech Spec (V3.0), which featured only minimal changes, and the concerns over the 2c feedback schedule. The group discussed concerns with the multifactor authentication requirement for the CAT Reporter Portal and the proposed resolution to IMID. Finally, FIF reviewed the status of their current CAT subgroups (OTC Equities, Options, Tech Spec Review) and the next steps for each group.  FIF Reg ATS-N Working Group - FIF discussed the existing challenges...

  FIF CAT Committee -  FIF reviewed FINRA CAT's responses to the Industry Member Q&A session, focusing on the details around third-party extranet providers for CAT reporting, the proposed IMID construct, and the full IMID Conflict List. FIF reviewed the initial Phase 2c CAT Industry Member Tech Spec (V3.0) which featured only minimal changes. The group discussed the key dates of the Phase 2c tech spec review schedule, with the final review period ending on January 14, 2020. Industry members also discussed concern over the CAT Reporter Portal's App verification the CAT...

  FIF/SIFMA/STA Options Subgroup – Complex Options Deep Dive - Reviewed several multi-leg options reporting models, with a focus on identifying gaps within the proposed reporting models.  FIF will   and updates to the multi-leg options industry recommendation deck.  FIF Data & Technology Committee - This meeting featured a spotlight presentation from IPC on the Current Status of the Availability of CAT Connectivity through 3rd Party Extranet Providers. The meeting also covered the monthly Market Data Capacity Reports, summarize exchange and SIP...

  FIF CAT Tech Spec Working Group - FIF held two working group meetings on Wednesday, October 23 and Friday, October 25.  During each call, FIF reviewed allocation scenarios and remaining questions, focusing on finalizing industry recommendations pertaining to the scope of allocations reporting and completing reporting modeling. FIF plan on finalizing our recommendations this Wednesday, after which time we will move on to cancellation scenarios.  Interview with FINRA CAT on the CAT NMS Plan site  - FIF provided our recommendations in terms of improving...

  FIF/SIFMA/STA CAT Options Subgroup - FIF held a joint FIF/STA/SIFMA options subgroup meeting to continue review of understood CAT Multi-Leg Option reporting requirements.  The focus of this meeting was to work through industry recommendations pertaining to the definition and scope of Multi-Leg options reporting. FIF also started to solicit feedback on preferred reporting models, which we are currently working into our recommendations that we intend to present to the SROs sometime in Mid-November. FIF CAT Tech Spec Working Group - FIF that focused upon review...

FIF Regulatory Notice 19-27 - Financial Exploitation of Seniors - FIF solicited feedback on a draft of the comment letter on Reg Notice 19-27. FIF incorporated remaining feedback from our members, and submitted the Final Letter to FINRA on Tuesday, October 8. FIF/SIFMA/STA CAT Options Subgroup - The group reviewed current recommendations with respect to the reporting of Paired Orders to CAT, including the development of workable definitions and recommendations regarding the ultimate scope of reporting of Paired and Multi-leg Orders. FIF CAT Tech Spec Working Group - FIF...

FIF SEC Rule 606 Working Group - FIF solicited member feedback as to the current status implementation across the industry. FIF also reviewed potential solutions to broker-dealer access to order execution data as well as the status of issues with the PDF Renderer/XML Schema. The group also reviewed the application of the current understanding of 606(b)(3) look-through and non-look-through scenarios. FIF/SIFMA/STA CAT Options Subgroup - The group reviewed current recommendations with respect to the reporting of Paired Options orders to CAT, including the development of workable...

FIF Regulatory Notice 19-27 - Financial Exploitation of Seniors - FIF continued review the rules under FINRA's retrospective rule review of current rules in effect that are designed to protect senior investors from financial exploitation.  FIF will review a draft of our comment letter in response to Regulatory Notice 19-27 on Thursday, October 3 at 10:00am et. FIF TRACE Working Group - FIF reviewed the draft of version of FIF's comments on Regulatory Notice 19-25 and requested additional comments and feedback.  FIF submitted the final letter to FINRA on Tuesday,...