The FIF Short Sales / Reg SHO / Short Reporting Working Group focuses on the implementation of SEC Rule 13f-2, which requires the reporting of gross short positions in equities on Form SHO. This Working Group also covers FINRA short interest reporting and the SEC’s Reg SHO, including the marking of long and short orders, the Reg SHO circuit breaker, and the Reg SHO locate and close-out requirements.

The FIF SLATE Working Group focuses on the implementation of SEC Rule 10c1-a (Securities Lending Transparency) and the SLATE system being developed by FINRA to implement Rule 10c1-a reporting.

The FIF Equity Market Regulations Working Group focuses on Regulation NMS and other regulations that impact the equity markets, including minimum price increments, round lot sizes, best ex, dissemination of market data through the SIPs and direct feeds, the order protection rule, trading halts and limit up-limit down. The Working Group also focuses on SRO filings and other market developments relating to extended hours trading, fractional shares trading and other topics.

The FIF Cyber, Reg SCI and Reg S-P Working Group focuses on regulations relating to cybersecurity, Reg SCI and Reg S-P.

The FIF Rule 605 Working Group focuses on the implementation of the SEC’s amendments to Rule 605. 

This group was created to review regulatory reporting fines for infractions including CAT, EBS, LOPR, Rule 605, Rule 606, short interest reporting, swap data reporting, TRACE, trade advertising and TRF/ORF. All firm names and dates are excluded from any presentation.

The FIF OFR Repo Reporting Working Group focuses on the implementation of reporting of non-centrally clear bilateral repos to the Treasury Department’s Office of Financial Research.

The FIF Financial Risk Regulations Working Group focuses on regulations relating to financial risk, including margin requirements and the SEC’s net capital and customer protection rules.