FIF Rule 606 Working Group. The Rule 606 Working Group discussed recent feedback from the SEC staff relating to Rule 606 reporting for options and reporting for fractional shares. FIF Securities Lending Transparency Working Group. The Securities Lending Transparency Working Group continued its review of the SEC’s November 18 rule proposal to create a new reporting system for securities loans. FIF CAT Monthly Update Working Group. The CAT Monthly Update Working Group reviewed guidance and updates from the SROs on CAT transaction reporting and CAT CAIS reporting during the prior month....

In an interview for MarketsMedia news, Justin Llewellyn-Jones, Broadridge’s Head of Capital Markets, North America, describes stability and transformation as important goals for the industry and for his organization. He says that in speaking with one of his clients recently he asked what their top three priorities had been during 2021 and was told: stability, stability, stability, because without stability you do not have a base to build upon”, and, with the spikes in volatility and volumes we have seen during 2021, continuing to ensure that the Broadridge solutions remained...

Intercontinental Exchange, Inc. announced the launch of its service that is designed to enable broker-dealers to meet the new requirements resulting from recent amendments to SEC Rule 15c2-11. The ICE solution helps broker-dealers obtain and review issuer information about fixed income securities before publishing or submitting a quotation in a quotation medium in accordance with the newly-updated rule and conditional relief provided in the SEC Staff’s December 16 No-Action Letter. ICE’s service can also assist customers in determining which fixed income securities may be eligible for...

Northern Trust has enhanced its suite of environmental, social and governance (ESG) investment analytics to deliver new climate risk reporting for global institutional investor clients. The Climate Focus Report, part of Northern Trust’s ESG Insights suite of reporting solutions, offers clients a range of carbon metrics, physical risk and transition risk detail at the portfolio level. These include detailed emissions information (including Scope 3), carbon intensity measures and forward-looking scenario pathway analysis. The resulting information supports...

The next meeting for the FIF Securities Lending Transparency Working Group is scheduled for Tuesday, January 4 at 2 pm ET. This Working Group will discuss and prepare a comment letter on the SEC’s November 18 rule proposal to create a new reporting system for securities lending. The reporting system, as proposed by the SEC, will apply to equities and bonds, including corporates, Treasuries, Agencies, asset and mortgage-backed securities, and municipal bonds. During the month of January, this group is scheduled to meet on Tuesdays at 2pm ET and Thursdays at 11am ET until the comment letter...

A FIF member would like to discuss with other FIF members issues relating to the computation of the factor (remaining principal) for the Santa Rosa Bay Bridge Authority (Florida) Revenue Bonds, Series 1996. This is specifically for trades executed in 2013. If you are interested in participating in a discussion with other FIF members on this topic, please email us at This email address is being protected from spambots. You need JavaScript enabled to view it..

The FIF Rule 606 Working Group will meet on Tuesday, January 4 at 11am ET to discuss recent feedback from the SEC staff relating to Rule 606 reporting for options.

On Monday January 10 at 3pm ET, Ignacio Sandoval of the Morgan Lewis law firm will present a buy-side perspective on the SEC’s recent Securities Lending Transaction rule proposal. The invite for this presentation has been sent to the members of the FIF Securities Lending Transparency Working Group. To subscribe to this group, please either update your profile or email us at This email address is being protected from spambots. You need JavaScript enabled to view it..

Satish Kini of the Debevoise law firm will review the recent proposal by FinCEN to create a beneficial ownership registry (date and time of presentation to be determined). The invite for this presentation will be sent to the members of the FIF Compliance and CAIS Working Groups. To subscribe to either group, please either update your profile or email us at This email address is being protected from spambots. You need JavaScript enabled to view it..