FIF has scheduled an additional call this week for the FIF CAT Transaction Reporting Working Group. The call will be on Tuesday April 4 at ____ ET and will focus on CAT reporting for RFQ responses.
POSTED Apr 03,2023
Rule 606 Working Group
FIF has scheduled the next call for the Rule 606 Working Group for Tuesday April 4 at 3 pm ET. The Working Group will discuss the expected response by FINRA to the SEC order seeking further comment on the FINRA rule proposal on disclosure of order routing information for OTC equity securities and NMS securities. The Working Group also will discuss questions from FIF members relating to Rule 606 reporting.
POSTED Apr 03,2023
CAT Transaction Reporting Working Group: Presentation by CAT Plan Participants
For the CAT Transaction Reporting Working Group call for this week (on Wednesday April 5 at 2 pm ET), the CAT Plan Participants will present to the Working Group on the potential cost savings for turning off linkage in the CAT production mirror environment.
POSTED Apr 03,2023
CAT and CAIS Scheduling Updates
- For this week only, the Wednesday FIF CAIS Working Group call be at 10 am ET instead of 11 am ET. This is to avoid a time conflict with the StoneX webinar discussed below.
- Going forward, FIF will continue to send weekly invites for the CAIS Working Group for Wednesday at 11 am ET. FIF will no longer send weekly CAIS invites for Friday at 1 pm ET. FIF will schedule individual CAIS calls for Friday when necessary.
- Because of the Passover holiday, the CAT Monthly Update Working Group call for April will be on Thursday April 13 at 2 pm ET instead of Thursday April 6 at 2 pm ET.
POSTED Apr 03,2023
StoneX Webinar on Ending of SEC "No-Action" Relief for MiFID II Clients
The SEC “No-Action” relief permitting U.S. brokers to accept cash research payments from MiFID-regulated clients is set to expire on July 3, 2023, leaving many global managers and brokers unsure of the right course of action to take.
On Wednesday April 5 at 11 am ET, FIF member StoneX will host a no-cost virtual webinar designed to update institutional investment professionals on the implications of the SEC’s decision not to extend the SEC “No-Action” relief. The webinar will present viable options / solutions, along with the strengths and weaknesses of each for consideration once the "No-Action” relief expires. The presenters will be Gerald Lins, Special Counsel, Eversheds Sutherland, Michael Mayhew, Chairman, Founder and Global Director of Research, Integrity Research Associates, LLC, and Steven Stone, Partner, Morgan Lewis. If you are interested in attending this webinar, please register directly with StoneX. (select "Yes" on the Are You an Institutional Investment Professional question or else registration will not go through)
In addition to this webinar, if you would be interested in participating with other FIF members in follow-up discussions on this topic, please send a note to fifinfo@fif.com.
POSTED Apr 03,2023