The FIF Cybersecurity Working Group will have its next call today at 3 pm ET. This call will include an overview of FIFs recent discussions with the SEC on cybersecurity and a review of recent cybersecurity alerts from CISA and other government agencies.

The Front Office Committee will have its next call on Tuesday December 13 at 11 am ET to review applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges.

The next call for the Rule 606 Working Group will be on Tuesday December 13 at 1 pm ET. The Working Group will continue its discussion of the rule filing submitted by FINRA to the SEC on Disclosure of Order Routing Information for OTC Equities (SR-FINRA-2022-031).

The next call for the TRACE/Fixed Income Working Group will be on Tuesday December 13 at 3 pm ET. The Working Group will discuss FINRA Regulatory Notice 22-26 (“Trade Reporting and Compliance Engine (TRACE): FINRA Requests Comment on Proposed Changes to TRACE Reporting Relating to Delayed Treasury Spot Trades”), FINRA Regulatory Notice 22-27 (“TRACE Reporting of U.S. Treasury Securities: FINRA Adopts Enhancements to TRACE Reporting for U.S. Treasury Securities”), and responses from FINRA to FIF member comments and questions on TRACE reporting by Covered Depository Institutions and TRACE...

The Back Office Committee will have its next call on Thursday December 15 at 11 am ET to review applicable FICC, DTC, NSCC, SEC, MSRB, OCC, IRS and FINRA updates during the past month.

FIF Rule 606 Working Group. The Rule 606 Working Group discussed the rule filing submitted by FINRA to the SEC on Disclosure of Order Routing Information for OTC Equities (SR-FINRA-2022-031). The Working Group continued its prior discussion of the recent Risk Alert published by the SEC’s Division of Examinations on Observations Related to Regulation NMS Rule 606 Disclosures. Fractional Share Orders. FIF hosted a joint call for the Compliance and Surveillance Working Group andthe Back Office and Front Office Committees focused on fractional share orders. Topics of discussion included...

FIF has scheduled two calls for the Rule 606 Working Group. The first call is scheduled for Monday December 5 at 1 pm ET and will focus on the rule filing submitted by FINRA to the SEC on Disclosure of Order Routing Information for OTC Equities (SR-FINRA-2022-031). The second call is scheduled for Tuesday December 6 at 2 pm ET and will focus on the recent Risk Alert published by the SEC’s Division of Examinations on Observations Related to Regulation NMS Rule 606 Disclosures.

On Tuesday December 6 at 10 am ET, FIF will host a joint call for the Compliance and Surveillance Working Group and the Back Office and Front Office Committees focused on fractional share orders. Topics of discussion will include proxy voting for fractional share positions, requesting DTCC to facilitate the transfer of fractional positions, fractional share workflows and TRF reporting. If you are not a member of the Compliance and Surveillance Working Group or the Back Office or Front Office Committee and you would like to join this call, please contact This email address is being protected...

FIF has scheduled a panel discussion on trade surveillance for the FIF Compliance and Surveillance Working Group and the FIF Front Office Committee for Thursday December 8 at 2 pm. The panelists will be Mark Davies of S3, Brett MacLeod of Abel Noser and Andrew White of Broadridge. Holly Dito of Pershing will moderate the panel. The panelists will discuss the scope of trade surveillance. Time permitting, the panelists also will discuss T+1 vs. real-time surveillance, use of AI for surveillance, trade surveillance based on business activity (retail; institutional; market making; exchange;...