FIF has scheduled a call for the FIF Rule 605 and 606 Working Groups for Monday March 11 at 2 pm ET. The Working Groups will review the changes to Rule 605 that the SEC adopted on March 6. The Working Group will also discuss FINRA Regulatory Notice 24-05, which sets a compliance date for the new requirement for FINRA members to file their quarterly Rule 606(a) reports with FINRA.   

FIF has scheduled the next call for the FIF Short Sales / Reg SHO / Short Interest Reporting Working Group for Tuesday March 12 at 3 pm ET. The Working Group will continue the discussion of issues and questions from FIF members relating to implementation of the SEC Rule on Short Position and Short Activity Reporting.

SEC Rule on Short Position and Short Activity Reporting. FIF hosted a call for the FIF Short Sales / Reg SHO / Short Interest Reporting Working Group to continue the discussion of issues and questions from FIF members relating to implementation of the SEC Rule on Short Position and Short Activity Reporting. The Working Group discussed the scope of reportable securities, identifying data sources for reportable securities, reporting based on settlement date versus trade date, determining the closing price when a trade is not executed on a settlement date, currency conversion for positions...

Morgan Stanley Wealth Management announced the launch of its Private Markets Transaction Desk, a concierge service that empowers eligible shareholders and investors to buy and sell eligible private company shares in the secondary market. The offering is part of Morgan Stanley’s broader Private Markets ecosystem that provides a suite of solutions for companies, employees and investors to serve a diversity of client needs. The Private Markets Transaction Desk helps solve these needs through a company-centric approach. Clients who use the desk can benefit from direct support for one-off sales...

DTCC announced a pilot to further automate the corporate actions process, delivering new efficiencies and capabilities that address decades-long asset services challenges around the sourcing of corporate actions announcements. According to a story in Traders Magazine, the pilot, which includes two phases, aims to streamline interactions across the Agent and Issuer community by standardizing and automating the sourcing of corporate actions announcements, eliminating manual processes, providing cost savings, reducing processing lead time and mitigating risks. Phase 1 of the pilot, which was...

JP Morgan subsidiary Neovest has moved to expand its capabilities in the hedge fund sphere with the acquisition of investment management platform LayerOne Financial according to a story in The Trade news.  The deal is intended to allow the multi-asset and broker neutral order and execution management platform to offer integrated execution, order and portfolio management services. Both Neovest and LayerOne Financial champion the open platform approach. Once integrated, the enhanced Neovest platform will be available to hedge funds in a modular format. Users will be able to send orders...

FIF has scheduled an additional call for the CAT Transaction Reporting Working Group for this week. On Monday March 4 at 2 pm the Working Group will continue its review and discussion of a draft FIF comment letter on CAT billing and reconciliation and make any final edits to the letter. The Monday call is in addition to the regularly-scheduled CAT Transaction Reporting Working Group call on Wednesday March 6 at 2 pm ET.

FIF has scheduled a call for the Short Sales / Reg SHO / Short Interest Reporting Working Group for Monday March 4 at 3 pm ET to continue the discussion of issues and questions from FIF members relating to implementation of the SEC Rule on Short Position and Short Activity Reporting.

The SEC has scheduled an open meeting for Wednesday March 6 at 9:45 am. The first item on the agenda is to “consider whether to adopt amendments … that would expand the scope of entities subject to Rule 605, modify the categorization and content of order information reported under the rule, and require reporting entities to produce a summary report of execution quality.” The second item on the agenda is to “consider whether to adopt rules to require registrants to provide certain climate-related information in their registration statements and annual reports.” You can access the meeting...