At the request of FIF members, FIF has scheduled a call for March 26 to discuss industry best practices on trade confirmation language for repos executed at a spread to the SOFR rate (Secured Overnight Financing Rate). If you are interested in participating on the call, please send an email to fifinfo@fif.com.

• Back Office Committee. On March 16, the Co-Chairs of the FIF Back Office Committee (Susan Crozier of FIS and Doug Gifford of Broadridge) will lead a discussion of the recent DTCC T+1 whitepaper, Advancing Together: Leading the Industry to Accelerated Settlement.
• Cybersecurity and Emerging Technology Working Groups. On March 23, Josh Burns of CitiHub will present on Secrets Management in the Financial Industry Using a Hashicorp Vault Implementation.
• Tax Information Reporting Working Group. On March 25, Stevie Conlon and colleagues at Wolters Kluwer will present Part 2 of their Spotlight on Virtual Currency.
• Data and Technology Working Group. On March 31, Brian Faughnan of SIAC will present on Pillar migration updates.

At the request of FIF members, FIF has created a Working Group to focus on interpretive and operational questions relating to Regulation SHO and potential areas where FIF members might want to seek interpretive guidance. In order to join this group, update your working group subscriptions in your profile here: https://fif.com/index.php/profile. If you're having trouble, or forgot your password, email fifinfo@fif.com for assistance.

The first meeting of this Working Group is scheduled for March 18 at 10 am ET. Mark Fitterman of the Baker McKenzie law firm will participate in this discussion.

Later this week, FIF will be submitting a comment letter on a rule proposal by the Federal Reserve to expand TRACE reporting to certain depository institutions that are not broker-dealers. The comment letter is focused on the potential impact for broker-dealers that currently report to TRACE.