FIF has scheduled the next Rule 606 Working Group call for Monday October 10 at 10 am ET. The agenda for the call is to discuss FIF member questions on Rule 606(a) reporting.

FIF Front Office Committee. The Front Office Committee reviewed applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges. The spotlight presenters were Matt Cohen and Rachel Andreassian of Provable Markets, who discussed FIX for stock lending. Please find the meeting Agenda here. FIF Compliance and TRACE/Fixed Income Working Groups. FIF hosted a webinar on SEC Rule 15c2-11 (Publication or submission of quotations without specified information). The webinar discussed application of the rule to quoting in unlisted equities and bonds, the expiration...

This morning FIF submitted a comment letter to FINRA and the MSRB on FINRA Regulatory Notice 22-17 (“TRACE Reporting Timeframe: FINRA Requests Comment on a Proposal to Shorten the Trade Reporting Timeframe for Transactions in Certain TRACE-Eligible Securities From 15 Minutes to One Minute”) and MSRB Notice 2022-07 (“Request for Comment on Transaction Reporting Obligations under MSRB Rule G-14”). FIF would like to thank the members of the FIF TRACE/Fixed Income Working Group for their contributions in the drafting of the comment letter.

On Thursday October 6 at 4 pm ET, FIF will host a webinar on SEC Rule 15c2-11 (Publication or submission of quotations without specified information). The webinar will discuss application of the rule to quoting in unlisted equities and bonds, the expiration (on January 1, 2023) of the current relief relating to Rule 144A securities, and firm processes to validate that specific securities are eligible to be quoted. The moderator for the panel is Michael Lurie of Credit Suisse. The panelists are Edward Best of the Mayer Brown law firm, Christopher Bok of OTC Markets and Jason Palsgrove of...

FIF is sponsoring an event at Cboe Global Markets in Chicago on November 3 at 4 pm (CT). The event is free for FIF members and will be focused on options. The panels will cover market developments and regulatory issues for options. FIF hosted this event annually for many years prior to 2020. FIF will announce further details in the near future, including how to register for the event.

The Front Office Committee will have its next call on Tuesday October 4 at 11 am ET to review applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges. The spotlight presenters will be Matt Cohen and Rachel Andreassian of Provable Markets, who will discuss FIX for stock lending.

FIF has cancelled the regularly-scheduled weekly CAT Transaction Reporting and CAT CAIS calls for this Wednesday October 5. FIF will host the regularly-scheduled weekly CAT CAIS call on Friday October 7 at 1 pm (ET).

The FIF CAT Monthly Update Working Group call for October will be on Thursday October 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 and CAT CAIS reporting during the prior month. The Working Group also will review the current areas of focus for FIF members and the current open issues for CAT transaction reporting and CAT CAIS reporting.

FIF TRACE Working Group. The TRACE Working Group discussed and provided final comments on a draft FIF comment letter on FINRA Regulatory Notice 22-17 and MSRB Notice 2022-07. These regulatory notices propose that trades in corporate, agency and municipal bonds be reported as soon as practical and no later than one minute after execution. Cybersecurity and Compliance Working Groups. FIF held a joint call for the Cybersecurity and Compliance Working Groups. The Working Groups discussed a request sent by the SEC to FIF to discuss a planned rule proposal by the SEC relating to...