FIX and Regulations
Financial regulation has a direct impact on many FIX member firms and how they conduct their business. The FIX Trading Community is independent and neutral, focused on transparency, operational efficiency and mitigating risk. FIX responds to regulations with a focus on promoting the use of global standards to deliver clear and unambiguous data, improve the quality of implementation and reduce costs to the industry.
This page is a repository of documented regulatory consultation responses and other relevant materials provided by the FIX Trading Community in addressing regulatory requirements across the globe.
Current Consultations
FCA Paper CP23/15 – The framework for a UK Consolidated Tape
Consultation runs until September 15th.
Consultation Responses are being developed by the Equities and Fixed Income Consolidated Tape Working Groups
Regional Repository
Please visit the below links to view previous responses submitted on behalf of the FIX Trading Community.
Documentation
Asia Pacific
SFC-FIX Response to OTC Derivatives Regulatory Regime in Hong Kong 106.04 KB 471 downloads August 27, 2012
FIX responded to a consultation from the SFC on the OTC Derivatives regulatory regime for Hong Kong. ...
ASIC-FIX Adopted for Short Position Reporting 184.20 KB 301 downloads August 12, 2010
FIX welcomes the Australian Securities & Investments Commission (ASIC™s) adoption of the FIX Protocol messaging standard for the reporting of short positions. Use of FIX enables market participants...EMEA
Manual on Post-Trade Transparency - Response 78.30 KB 35 downloads April 4, 2023
FIX Trading Community response on Post-Trade Transparency Manual ...
ESMA Market Outages - Consultation Paper Response 105.50 KB 41 downloads December 22, 2022
FIX Trading Community response to ESMA's consultation regarding the management and communication of outages at trading venues, December 2022 ...
FIX Trading Community Response to CP22/12 259.02 KB 237 downloads September 22, 2022
IMPROVING EQUITY SECONDARY MARKETS FCA : CP22/12 ...
ESMA Opinion on Trading Venue Perimeter - Response 81.46 KB 105 downloads April 28, 2022
FIX Trading Community response to ESMA's opinion regarding the Trading Venue Perimeter, January 2022 ...
ESMA DLT (distributed ledger technology) Pilot 88.01 KB 58 downloads March 31, 2022
FIX Trading Community response to ESMA's call for evidence for the "DLT Pilot Regime and review of MiFIR regulatory technical standards on transparency and reporting", January 2022 ...
RTS 1 and 2 Consultation Response 235.06 KB 78 downloads September 23, 2021
ESMA CONSULTATION RESPONSE – FINAL RESPONSE ...
ESMA - MiFID II_MiFIR CP on transaction reporting_refdata 285.54 KB 358 downloads December 11, 2020
FIX Trading Community response to the ESMA consultation paper on MiFIR review report on the obligations to report transactions and reference data (November 2020) ...
ESMA - Technical Standards on reporting_data quality_data access 170.84 KB 185 downloads July 3, 2020
03 July 2020 - This document is the FIX response to the ESMA consultation paper on the technical standards on reporting requirements, procedures to reconcile and validate the data and access by the relevant...
ESMA Consolidated Tape Consultation Paper - FIX Response 249.39 KB 160 downloads September 13, 2019
06 September, 2019 - The FIX Trading Community provided a response to the ESMA CP on Consolidated Tape. ...
ESMA MiFID II FIX Response Discussion Paper 669.67 KB 276 downloads February 16, 2017
ESMA MiFID II FIX Response Discussion Paper ...
ESMA MiFID II FIX Response Consultation Paper 436.30 KB 481 downloads February 14, 2017
ESMA MiFID II FIX Response Consultation Paper ...
FIX Trading Community Response to ESMA CP 23 March 2016 508.10 KB 434 downloads March 23, 2016
Response to ESMA CP 23 March 2016 ...
ESMA_MiFID II FIX Consultation Response_2014_1570 366.09 KB 402 downloads February 27, 2015
This document is a response to the ESMA MiFID II/MiFIR Consultation Paper 2014_1570 (February 2015) ...
FSB-FIX Response to Feasibility Study on Approaches to Aggregate OTC Derivatives Trade Repository Data 28.33 KB 348 downloads February 28, 2014
FIX response to the FSB's consultative paper focused on options for aggregating OTC derivatives trade repository data. ...
CESR - FIX Response for Establishment of a European Consolidated Tape 0.00 KB 98 downloads November 2, 2010
Following consultation with the FIX EMEA Regulatory Subcommittee, FIX produced a proposal for an industry led solution for the establishment of a Consolidated Tape Delivery Authority (CTDA) to oversee...
ESMA MiFID II FIX Response Covering Letter 112.45 KB 165 downloads February 15, 2008
ESMA MiFID II FIX Response Covering Letter ...
CESR - Changes to FIX for MiFID 288.32 KB 341 downloads October 22, 2006
A link to the gap analysis - Changes to FIX for MiFID. ...
CESR - FIX Response for Transparency and Reporting under MiFID Call for Evidence 177.36 KB 327 downloads April 14, 2006
FPL has issued a response to the call for evidence by CESR, who invited interested parties to submit their views regarding (potential) future work on transparency data publication and consolidation as...Americas
Regulation Best Execution SEC submission March 23 23.29 KB 38 downloads March 31, 2023
Response to SEC rule proposal of December 2022 relating to Best Execution ...
Order Competition Rule SEC submission March 23 23.14 KB 32 downloads March 31, 2023
Response to SEC Order Competition Rule rule proposal of December 2022 ...
Disclosure of Order Execution Information SEC submission March 23 22.73 KB 27 downloads March 31, 2023
Response to SEC rule proposal of December 2022 relating to Order Execution disclosures ...
SEC shortened settlement cycle proposal response (April 2022) 26.00 KB 60 downloads April 12, 2022
FIX Trading Community response to SEC proposal for shortening the settlement cycle (post trade working group, April 2022) ...
SEC 10c-1 securities loan reporting (supplementary response) 41.11 KB 69 downloads April 1, 2022
FIX Trading Community supplementary response to SEC's proposed exchange act rule 10c-1 for the reporting of securities loans, as of April 2022 ...
FIX response to SEC rule 10c-1 (securities loan reporting) 169.73 KB 186 downloads January 5, 2022
SEC rule 10c-1 proposal response from FIX Trading Community In late 2001, the SEC issued a proposal for a new exchange act rule (10c-1) covering the reporting of securities loan activity. The FIX Trading...
FINRA - FIX Responds to Proposed Changes to TRACE Reporting 86.82 KB 121 downloads October 5, 2020
14th September 2020 - FIX Trading Community's response to Regulatory Notice 20-24 in regards to two proposed changes to the TRACE reporting rules. Click here to view the response on line. ...
SEC - FIX Response to Alternative Identifiers for Securities 231.14 KB 99 downloads August 27, 2020
12 August 2020: SEC - FIX Trading Community's response to the SEC File No. S7-08-20; Reporting Threshold for Institutional Investment Managers. Response to Q#25 regarding the permission for additional...
SEC - FIX & Regulation NMS Overview 58.00 KB 239 downloads February 16, 2017
This document contains an overview of the RegNMS extension and links to copies of the gap analyses described above. ...
CFTC - Parts 43-45 Phase III FIX Gap Analysis 1.49 MB 146 downloads February 16, 2017
CFTC - Parts 43-45 Phase III FIX Gap Analysis ...
SEC - FIX Response to Disclosure of Order Handling Information 239.49 KB 206 downloads September 26, 2016
SEC - FIX Response to Disclosure of Order Handling Information ...
SEC - FIX Response to Consolidated Audit Trail 2 346.98 KB 197 downloads July 14, 2016
FIX Trading Community's response to the SEC's File No. 4-698 - Joint Industry Plan; Notice of Filing of the National Market System Plan Governing the Consolidated Audit Trail ...
CFTC - FIX Response to Technical Specifications for Swap Data Reporting 1.69 MB 476 downloads March 7, 2016
Swap Data Reporting ...
SEC - FIX Response to Swap Data Reporting 619.80 KB 194 downloads February 22, 2016
Swap Data Reporting ...
CFTC - FIX Responds to Review of Swap Data Recordkeeping and Reporting Requirements 39.56 KB 344 downloads May 27, 2014
Review of Swap Data Recordkeeping and Reporting Requirements ...
CFTC - FIX Responds to Concept Release on Risk Controls and System Safeguards for Automated Trading 78.22 KB 133 downloads December 11, 2013
...
SEC - FIX Response to Regulation SCI 117.17 KB 171 downloads July 8, 2013
SEC - FIX Response to Regulation SCI ...
SEC - FIX Response to Consolidated Audit Trail 39.71 KB 193 downloads August 5, 2010
Please see FIX's reponse to the Consolidated Audit Trail proposal which was submitted on August 5th, 2010 ...
IIROC - FIX Adopted for Market Surveillance and Transaction Reporting 52.24 KB 398 downloads May 6, 2009
FIX is pleased to announce that it has developed an Extension Pack which will enable FIX 5.0 to support IIROC's new FIX-based market regulation feed specification for market surveillance and transaction...
OCC - Options Symbology Initiative 57.98 KB 315 downloads October 16, 2008
This implementation guide includes the recommended approaches to implement the OSI changes within the various versions of FIX. ...
NYSE - Rule 80A Account Type Indicators 168.00 KB 206 downloads January 8, 2008
In response to the evolution of program trading activities in the marketplace, NYSE has amended NYSE Rule 80A.40 to update the definition of account type indicators – “J” and “K”. These changes...
NASD - OATS Phase III FIX Gap Analysis 174.00 KB 288 downloads May 18, 2006
NASD - OATS Phase III FIX Gap Analysis ...
SEC - FIX Response to Securities Transactions Settlement 383.65 KB 285 downloads June 15, 2004
FIX filed a response to the SEC Concept Release entitled Securities Transactions Settlement. This is the first time that FIX has responded to an SEC Concept Release. ...Global (IOSCO)
IOSCO - FIX Response to Harmonisation of the UPI 265.41 KB 144 downloads February 24, 2016
Harmonisation of the UPI ...
