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 has invited members of the Back Office and Front Office Committees and the Compliance and TRACE/Fixed Income Working Groups to participate on the call. 

The next call for the TRACE Working Group will be on Tuesday September 20 at 2 pm 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 that trades in corporate, agency and municipal bonds be reported as soon as practical and no later than one minute after execution.

The Back Office Committee will have its next call on Tuesday September 20 at 11 am ET to review applicable FICC, DTC, NSCC, SEC, MSRB, OCC, IRS and FINRA updates during the past month, including a recent rule proposal by the SEC to require centralized clearing for trades in Treasury securities. 

The next call for the Rule 606 Working Group will be on Thursday September 22 at 3 pm ET. The Working Group will discuss recent guidance from FINRA to a firm on reporting routes to options floor brokers and routes to options algo providers.

The Front Office Committee will have its next call on Tuesday September 27 at 11 am ET to review applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges. The spotlight presenters will be Matt Cohen and Rachel Andreassian of Provable Markets, who will discuss FIX for stock lending.