On Wednesday March 9, 2022 at 1 pm ET, Satish Kini and Robert Dura of the Debevoise law firm will provide an update on the recent OFAC sanctions against Russia, including recent Directives under Executive Order 14024. The invite for this presentation has been sent to the members of the FIF Compliance Working Group and the FIF Front Office and Back Office Committees. If you are interested in attending this presentation and do not have the invite in your calendar, please either update your profile or email us at fifinfo@fif.com.

On Thursday March 10, 2022 at 3pm ET, FIF will host a spotlight presentation on Chief Compliance Officer liability. Patrick Campbell of the Baker Hostetler law firm and Adam Felsenthal, General Counsel of Great Point Partners, will discuss a report by the Compliance Committee of the New York City Bar Association that details concerns about compliance officer liability and calls on regulators to provide limitations and guidance on when a compliance officer should be charged. They will also discuss the “no under influence over chief compliance officer” provision in the SEC’s recent rule proposal relating to security-based swaps. The invite for this presentation has been sent to the members of the FIF Compliance Working Group. If you are interested in attending this presentation and do not have the invite in your calendar, please either update your profile or email us at fifinfo@fif.com.

On March 2, 2022, FIF submitted a comment letter on the request submitted by the SEC to the Office of Management and Budget for approval of an extension of the previously approved collection of information provided for in Rule 606. FIF would like to thank the members of the FIF Rule 606 Working Group for their active participation in the drafting of this comment letter.

For this week, FIF has scheduled an additional call for the CAT Transaction Reporting Working Group. The call will be on Monday March 7 at 2 pm and will focus specifically on the issue of linkage of representative and customer orders. For this week’s regularly-scheduled CAT Transaction Reporting Working Group call on Wednesday March 9 at 2 pm, FINRA CAT personnel will present, and solicit feedback, on potential approaches to enhance the CAT Transaction Reporting feedback process and reduce CAT operating costs.

On Tuesday March 1 at 11am ET, Ignacio Sandoval and Kyle Whitehead of the Morgan Lewis law firm will continue their review of the SEC’s recently-proposed amendments to Regulations ATS and Regulation SCI. The amendments propose to apply Regulation ATS and Regulation SCI to ATSs that trade Treasury and agency securities and repos on those securities. The amendments also propose to expand the ATS definition to include RFQ and other trading systems. The invite for this presentation has been sent to the members of the FIF ATS, Compliance and TRACE/Fixed Income Working Groups and the FIF Front Office and Back Office Committees. If you are interested in attending this presentation and do not have the invite in your calendar, please either update your profile or email us at fifinfo@fif.com.