On January 31, FIF submitted a letter to the SEC to request that the SEC modify and extend its statement on Custody of Digital Asset Securities by Special Purpose Broker-Dealers. FIF would like to thank the members of the Digital Asset Securities Working Group for their contributions in the drafting of this letter.

An FIF member would like to discuss with other FIF members risk controls and supervision for extended hours trading. If you are interested in this topic, please send a note to This email address is being protected from spambots. You need JavaScript enabled to view it., and we will include you in this discussion.

FIF has scheduled the next call for the Rule 605 Working Group for Monday February 3 at 2 pm ET. The Working Group will discuss the current status of the implementation of the SEC’s Rule 605 amendments.

The Short Sales / Reg SHO / Short Reporting Working Group will have its next call on Tuesday February 4 at 11 am ET. The Working Group will continue its discussion of the implementation of short position reporting.  

The next call for the SEC Rule 606 and FINRA Rule 6470 Working Group will be on Tuesday February 4 at 2 pm ET. The Working Group will continue its discussion on the implementation of Rule 6470 reporting.

FIF has scheduled a joint call for the CAT Transaction Reporting and CAT CAIS Working Groups for Wednesday February 5 at 2 pm ET. Among other topics, the Working Group will continue its discussion of the recent blog by Robert Cook, the President and CEO of FINRA, titled “CAT Should Be Modified to Cease Collecting Personal Information on Retail Investors.”

FIF has scheduled the next call for the SLATE Working Group for Thursday February 6 at 11 am ET. The Working Group will continue its discussion of the SEC approval of the FINRA rule filing for SLATE. The Working Group will also discuss the January 24 blog by Robert Cook, President and CEO of FINRA, titled “Implementing the SEC’s Securities Lending Reporting Requirements.”

The CAT Monthly Update Working Group call for February will be on Thursday February 6 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 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.

OFR Repo Reporting. The OFR Repo Reporting Working Group discussed a draft submission by FIF to the OFR that identifies overnight and intra-day repos executed by a foreign subsidiary that would not be reportable to the OFR. The Working Group discussed reporting the Security Value data element for mortgage-backed securities with an adjustable rate coupon and reporting the Security Value at Inception data element. Short Position Reporting. The FIF Short Sales / Reg SHO / Short Position Reporting Working Group continued its discussion of the implementation of short position reporting. The...