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Regulations
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Re: SEC 13h-1 rule
Manisha Kimmel / Financial Information Forum <>
25 Aug 2011 5:03PM ET We do not anticipate needing a FIX tag at this point since this detail is likely to be captured with account information rather than on an order by order basis. If the industry does determine a FIX tag is required then the FIF/FPL Regulatory Reporting Working Group will work to create a gap analysis.
Manisha Kimmel
Executive Director
Financial Information Forum
> Hi All,
>
> Does anyone have any views on the implementation of SEC rule 13h-1 (the larger trader rule) within FIX? Specifically how will the LTID be transmitted from buy-side to sell side - tag 1, tag 58, custom tag or out-of-band?
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> http://www.sec.gov/rules/final/2011/34-64976.pdf
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> I have raised this today with a number of large US brokers and I'd like to see if there is an industry wide consensus rather than trying to reinvent the wheel.
>
> Since this is about regulation I am aware that some folks are not able to post publicly in discussion forums and suchlike. Please feel free to contact me offline and I will happily anonymise and repost here.
>
> Thanks.
SEC 13h-1 rule John Greenan / http://www.alignment-systems.com 24 Aug 2011 9:34AM ET Re: SEC 13h-1 rule
Manisha Kimmel / Financial Information Forum 25 Aug 2011 5:03PM ET
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