On June 17, FIF submitted a letter to the Treasury Department’s Office of Financial Reporting relating to the requirement for Covered Reporters to report positions in non-centrally cleared bilateral repos. The letter discusses (i) reporting for the scenario where the closing leg of a repo does not settle on the scheduled end date and (ii) the current resubmission process. FIF would like to thank the members of the OFR Repo Reporting Working Group for their contributions in the drafting of this letter.

On June 18, FIF submitted a letter to the CAT Plan Participants and FINRA CAT requesting a postponement of the planned changes to the CAIS compliance error rate calculations pending the SEC’s decision on proposed amendments to the CAT NMS Plan relating to PII. FIF would like to thank the members of the CAT CAIS and CAT Transaction Reporting Working Groups for their participation in the drafting of this letter.

FIF has scheduled the next call for the Short Sales / Reg SHO / Short Reporting Working Group for Monday June 23 at 11 am ET. The Working Group will review the first draft of an FIF letter requesting an extension of the current compliance date for Form SHO reporting.

The next call for the 24x7 Trading Working Group will be on Monday June 23 at 2 pm ET. The Working Group will continue its discussion of implementation issues relating to the planned expansion of exchange trading hours for US equities. If you are interested in participating in this discussion and are not a member of this Working Group, please update your FIF profile to add this Working Group or send a note to This email address is being protected from spambots. You need JavaScript enabled to view it..

The TRACE / RTRS Working Group will have its next call on Monday June 23 at 3 pm ET. The Working Group will discuss the recent rule filings by FINRA and the MSRB to rescind their prior rule changes relating to one-minute reporting.

The next call for the SLATE Working Group will be on Tuesday June 24 at 11 am ET. The Working Group will continue to discuss how FIF members plan to proceed on the various open interpretive issues relating to SLATE reporting.

The next call for the Rule 605 Working Group will be on Tuesday June 24 at 1 pm ET. The Working Group will discuss the recent rule filing by the participants of the Rule 605 NMS Plan.

FIF has scheduled a call for the Tax Information Reporting Working Group for Tuesday June 24 at 3 pm ET. Representatives from Wolters Kluwer will discuss the reporting of crypto ETFs relative to Form 1099-DA.  

The Data & Technology Committee will have its next call on Wednesday June 25 at 10 am ET to review capacity, latency and volume data for the prior month for the equity, options, currency, crypto and futures markets. The spotlight presenters will be Mike Collazo and Joe Gostomski from SIAC and Rob Vilardo from UTP, who will discuss implementation of the SEC-mandated change for round lot reporting.