FIF News


FIF is collecting questions on the CAT Technical Specification and Scenarios document for including in subsequent FINRA CAT – sponsored Q&A sessions.  If you would like to submit questions on behalf of your firm, please send an email to

Posted Jul 29, 2019

FIF SEC Rule 606 Follow-Up Comment Letter

FIF is in the process of completing a comment letter to Commission Staff on the current status and recommendations pertaining to the implementation of SEC Rule 606. If you are not part of this working group and are interested in reviewing a copy of the letter, please send an email to the program office at

Posted Jul 29, 2019

FINRA to Join Front Office Committee Meeting

FINRA will be joining the FIF Front Office Committee on Tuesday, July 23 @ 4:00pm to provide a spotlight topic on the recently published joint SEC/FINRA statement on Broker-Dealer custody of digital asset securities.  If you are not a member of the Front Office Committee and would like to join, please send an email to


Posted Jul 22, 2019

FIF Submits Comment Letter on EBS to SEC

On July 17, 2019, FIF submitted a comment letter to the Securities and Exchange Commission responding to the Commission’s request for comment on the current EBS request/response process.  FIF’s comments focused on our response to the 1) recommendations intended to improve the current EBS reporting process; 2) provide feedback on the accuracy of the Commission’s estimation of the volume of EBS requests disseminated to firms; and 3) CAT as a potential solution.  Please find the full text of the comment letter here.


Posted Jul 22, 2019

FIF Discuss Potential Solutions to LTD Phase 3 and Rule 606 with SEC

On Wednesday, July 10, FIF joined SIFMA at a meeting with SEC Staff to discuss potential solutions to Large Trade Phase 3 through the CAT Customer/Account information database. Additionally, FIF met with SEC Division of Trading and Markets Staff to discuss SEC Rule 606.

Posted Jul 15, 2019