On December 20 FIF submitted a supplemental letter to the SEC relating to the prior FIF member request for an extension of the current implementation period for Form SHO. FIF would like to thank the members of the Short Sales / Reg SHO / Short Reporting Working Group for their contributions in the drafting of this letter.

On December 20 FIF submitted its eighth letter to the Treasury Department’s Office of Financial Research (the OFR) relating to the new requirement for firms to report non-centrally cleared bilateral repos. FIF would like to thank the members of the OFR Repo Reporting Working Group for their contributions in the drafting of this letter.

On December 20 FIF submitted a letter to FINRA relating to CAT reporting when there is an early close and CAT linkage requirements for options orders. FIF would like to thank the members of the CAT Transaction Reporting Working Group for their contributions in the drafting of this letter.

FIF has scheduled the next call for the OFR Repo Reporting Working Group for Monday January 6, 2025 at 11 am ET. The Working Group will continue its discussion of the implementation of reporting non-centrally cleared bilateral repos.

The Short Sales / Reg SHO / Short Reporting Working Group will have its next call on Tuesday January 7 at 11 am ET. The Working Group will continue its discussion of the implementation of short position reporting.   

The next call for the CAT Transaction Reporting Working Group will be on Wednesday January 8, 2025 at 2 pm ET.

The CAT Monthly Update Working Group call for January will be on Thursday January 9 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.

TRACE / RTRS. The Working Group discussed a rule change by the Federal Reserve Board relating to the reporting by Covered Depository Institutions (CDIs) of Treasury trades to TRACE. The Working Group reviewed the updated list of CDIs posted by FINRA. The Working Group discussed the need to split the current combined settlement and reporting process for munis into separate processes. The Working Group discussed questions from FIF members relating to one-minute reporting and the requirement to report a manual trade indicator. Rule 606; FINRA Rule 6470. The Working Group discussed Rule...

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