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, Chris Bok of OTC Markets and Jason Palsgrove of Bloomberg. FIF will invite members of the Back Office and Front Office Committees, the Compliance Working Group and the TRACE/Fixed Income Working Groups to participate on the call. 

FIF would like to thank Stevie Conlon, Anna Vayser and Robert Schwaba from Wolters Kluwer for agreeing to act as the Co-Chairs of the FIF Tax Information Reporting Working Group. If you are not a part of the Tax Information Reporting Working Group and would like to join, please update your profile here: https://fif.com/index.php/profile.

The next call for the FIF OTC Options Reporting Working Group will be on Tuesday September 6 at 11 am ET. The Working Group will continue its review of a draft FIF comment letter on FINRA Regulatory Notice 22-14, “OTC Options Reporting: FINRA Requests Comment on Proposed Trade Reporting Requirements for Over-The-Counter Options Transactions”. This group is meeting on Tuesday this week because of the Labor Day holiday; starting next week, this Working Group will revert to its normal weekly meeting time of Monday at 11 am ET.

The next call for the TRACE Working Group will be on Thursday September 8 at 10 am ET. The Working Group will continue its review of a draft FIF comment letter on FINRA Regulatory Notice 22-17 and MSRB Notice 2022-07. These regulatory notices propose to reduce to one minute the timeframe for reporting trades in corporate, agency and muni bonds. The Working Group also will review draft FIF members questions for FINRA relating to TRACE reporting for Covered Depository Institutions and TRACE reporting of foreign sovereign bonds. The Working Group also will discuss FINRA’s consideration of a requirement for the reporting of quotes in fixed income securities.

The FIF CAT Monthly Update Working Group call for September will be on Thursday September 8 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.