FIF News

FIF to Have Inaugural Emerging Technologies Meeting on Friday

FIF will hold its inaugural Emerging Technologies Working Group meeting on Friday of this week.  This working group, formerly the cloud technology working group, will focus on a wide array of topics including: AI, robo-advisors, cloud technology, cryptocurrency, big data, distributed ledger technology and more. Our cloud technology co-chairs (Mike Mazza and Tom Golway) are both staying on the group, and we are happy to announce a third co-chair in Ed Featherston from HPE. If you would like to join this group and you were not already on the cloud technology distribution list, please subscribe to the working group by editing your profile here.

Posted Jan 27, 2020

CAT Phase 2c Relief Expectations

On January 9 and January 10, FIF engaged in several in-person meetings with the Regulators with the intent of obtaining relief on several remaining Phase 2c challenges.  Following the meeting, the Regulators have indicated that several Phase 2c items have been deferred.  In summary, deferred items relate to:  OTC Equities Reporting; Rejected Events; Capture of Cancel/Modification Timestamps; and Allocations.  While official guidance pertaining to the relief of Phase 2c items will be published shortly, the Regulators have reflected the current items subject to relief in the materials linked here.  

Posted Jan 21, 2020

FIF Recieves Notice of Anticipated Deferment - OTC Equities

On Thursday, January 9, FIF joined the industry in an in-person meeting on the reporting expectations of OTC Equities for CAT Phase 2c. Due to several identified challenges, the outcome of the meeting resulted in a notice of anticipated deferment of OTC equities reporting until 2021. OTC equities reporting will remain the same as it is currently reported in OATS and Phase 2a, subject to a slight caveat.  FIF is hoping to continue pushing for additional relief over the next few months.  If your firm has any specific questions pertaining to the anticipated relief, please send an email to  

Posted Jan 13, 2020

FINRA CAT to host a "CAT 101" Webinar

On Wednesday, January 8 at 2:00pm et, FINRA CAT will host a "CAT 101" webinar.  The webinar is designed for Industry Members that may be new to, or less familar with CAT, and provide an introduction to reporting requirements, timelines, and mechanics of CAT.  If your firm has recently onboarded staff to support CAT implementation or if you are a vendor/clearing firm/service bureau supporting CAT reporting obligations for corresondents, please forward detail of the webinar to the appropriate person/firm.  FIF disseminated login details in a calendar invite to our CAT Committee members.  If you did not receive that invite, please find the details of the webinar here

Posted Jan 06, 2020

FIF Website Update

Like many of you, FIF has made a New Year Resolution. In 2020, we aim to modernize the look and funtionality of our website.  FIF began the process of developing the new site in the beginning of 2019 and is near completion.  FIF aims to do a "soft launch" of the site before the end of week, with the intent of providing our members an opportunity preview our new website and provide us with feedback prior to making the site live. Please keep an eye out for an email from the progam office on Thursday or Friday providing a link to the test site. 

Posted Jan 06, 2020