The FIF Front Office Committee will meet on Tuesday, December 14 at 11 am et to review applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges.
POSTED Dec 13,2021
Presentation by CISA (Cybersecurity and Infrastructure Security Agency) to Cybersecurity and Compliance Working Groups
On Wednesday December 15 at 10am ET, Alaina R. Clark, Assistant Director for Stakeholder Engagement at the Cybersecurity and Infrastructure Security Agency (CISA), will present to a joint call of the FIF Cybersecurity and Compliance Working Groups. CISA is an agency of the Department of Homeland Security. Ms. Clark will discuss the role and functions of CISA, CISA’s current areas of focus, recommendations for industry members on cybersecurity processes and management and reporting of cybersecurity incidents, and opportunities for enhanced cooperation between the industry and federal regulators.
The invite for this presentation has been sent to all members of the FIF Cybersecurity Working Group and the newly-created FIF Compliance Working Group. If you are interested in participating on this call and do not have the invite in your calendar, please update your profile and add yourself to either the Cybersecurity Working Group or the newly-formed Compliance Working Group. Alternatively, you can email fifinfo@fif.com to request an invite for this presentation.
POSTED Dec 13,2021
TRACE Working Group: FINRA Rule Filings to Amend TRACE Reporting for ATS Trades, Delayed Treasury Spot Trades and Portfolio Trades
On November 23, 2021, FINRA filed SR-FINRA-2021-029 with the SEC, “Proposed Rule Change to Amend FINRA Rule 6732 (Exemption from Trade Reporting Obligation for Certain Transactions on an Alternative Trading System)”. On December 1, 2021, FINRA filed SR-FINRA-2021-030 with the SEC, “Notice of Filing of Proposed Rule Change to Amend FINRA Rule 6730 to Require Members to Append Modifiers to Delayed Treasury Spot and Portfolio Trades When Reporting to TRACE.” FIF has scheduled the next call for the TRACE Working Group for Tuesday December 14 at 2pm ET to continue the Working Group discussion of these filings and to review a draft comment letter.
POSTED Dec 13,2021
FINRA Supplemental Liquidity Schedule (SLS)
On December 7, 2021, FIF submitted to FINRA additional requests from FIF members for interpretive guidance relating to the Supplemental Liquidity Schedule (SLS) recently adopted by FINRA (see FINRA Regulatory Notice 21-31). The SLS takes effect on March 1, 2022. If you are interested in participating in discussions with other FIF members on this topic, please send a note to fifinfo@fif.com.
POSTED Dec 13,2021
Annual FIF CAT Webinar
Last week FIF held it's annual Year-End CAT Webinar. FIF Advisory Chair, Tom Jordan, moderated a strong panel where we took a look back to the retirement of OATS, important accomplishments in CAT for 2021 and we looked ahead to the major CAT initiatives of 2022 and beyond. Panelists included Shelly Bohlin of FINRA CAT, Jon Kroeper of FINRA, Will Leahey of Refinitiv and Mitvin Shah of Societe Generale. If you are a FIF Member and you missed the webinar, you may request a recording at fifinfo@fif.com.
POSTED Dec 13,2021