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
ESMA consultation on Order Execution Policies
US Financial Data Transparency Act
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 1791 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 512 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
ESMA MiFIR Review (CP3) part 2 – Consultation On equity transparency (RTS 1 and CDR 2017/567), volume cap (RTS 3) circuit breakers (new RTS), SI (new ITS on SI notification), the equity CTP (new RTS on input / output data of the pre-trade and post-trade equity CTP) and the flags for non-equity transparency (RTS 2) 692.22 KB 12 downloads September 29, 2024
FIX Trading Community response to section 7 (equities consolidated tape working group and FIX FIRST subcommittee) ...
ESMA MiFIR Review (CP3) part 1 – Consultation On equity transparency (RTS 1 and CDR 2017/567), volume cap (RTS 3) circuit breakers (new RTS), SI (new ITS on SI notification), the equity CTP (new RTS on input / output data of the pre-trade and post-trade equity CTP) and the flags for non-equity transparency (RTS 2) 692.22 KB 16 downloads September 29, 2024
FIX Trading Community response to sections 4, 8 and 9 (equities and fixed income consolidated tape working groups) ...
ESMA MiFIR Review - Technical Standards related to Consolidated Tape Providers and DRSPs, and assessment criteria for the CTP selection procedure 716.65 KB 54 downloads August 27, 2024
FIX Trading Community response (equities and fixed income consolidated tape working groups, global technical committee) ...
ESMA MiFIR Review - RTS 2, RTS on reasonable commercial basis and RTS 23 708.30 KB 50 downloads August 27, 2024
FIX Trading Community Response (fixed income consolidated tape and reference data working groups) ...
European Commission Delegated Regulation on OTC Derivative Instrument Identification 794.72 KB 24 downloads July 11, 2024
EC OTC derivatives identifying reference data consultation FIX Trading Community Response ...
CP23/32 – FCA consultation on bond and derivative market transparency - FIX Trading Community response 4.58 MB 333 downloads April 3, 2024
This contains three files – the FCA’s consultation paper, the full response from the FIX Trading Community (‘response summary’) and a shortened version containing just the questions actually responsed...
FTC Response to CP23-15 Framework for a Consolidated Tape Final Submission 97.33 KB 108 downloads October 13, 2023
CP23/15 – The framework for a UK consolidated tape - FIX Trading Community response. ...
DSS Letter Fix Trading Community Sept 2023 330.14 KB 93 downloads October 9, 2023
The FIX Trading Community is the industry-driven standards body whose standards underpin the global electronic trading community. We have been producing technical and business standards for nearly thirty...
Manual on Post-Trade Transparency - Response 78.30 KB 221 downloads April 4, 2023
FIX Trading Community response on Post-Trade Transparency Manual ...
ESMA Market Outages - Consultation Paper Response 105.50 KB 237 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 1425 downloads September 22, 2022
IMPROVING EQUITY SECONDARY MARKETS FCA : CP22/12 ...
ESMA Opinion on Trading Venue Perimeter - Response 81.46 KB 882 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 246 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 304 downloads September 23, 2021
ESMA CONSULTATION RESPONSE – FINAL RESPONSE ...
ESMA - MiFID II_MiFIR CP on transaction reporting_refdata 285.54 KB 1672 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 396 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 380 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 1037 downloads February 16, 2017
ESMA MiFID II FIX Response Discussion Paper ...
ESMA MiFID II FIX Response Consultation Paper 436.30 KB 1767 downloads February 14, 2017
ESMA MiFID II FIX Response Consultation Paper ...
FIX Trading Community Response to ESMA CP 23 March 2016 508.10 KB 645 downloads March 23, 2016
Response to ESMA CP 23 March 2016 ...- 1
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Americas
Financial Data Transparency Act Joint Data Standards 26.25 KB 3 downloads October 21, 2024
Response to consultation on Financial Data Transparency Act Joint Data Standards (https://www.federalregister.gov/documents/2024/08/22/2024-18415/financial-data-transparency-act-joint-data-standards) as...
Regulation Best Execution SEC submission March 23 23.29 KB 231 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 202 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 192 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 239 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 251 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 720 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 350 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 228 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 768 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 328 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 516 downloads September 26, 2016
SEC - FIX Response to Disclosure of Order Handling Information ...
SEC - FIX Response to Consolidated Audit Trail 2 346.98 KB 462 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 1585 downloads March 7, 2016
Swap Data Reporting ...
SEC - FIX Response to Swap Data Reporting 619.80 KB 549 downloads February 22, 2016
Swap Data Reporting ...
CFTC - FIX Responds to Review of Swap Data Recordkeeping and Reporting Requirements 39.56 KB 1703 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 146 downloads December 11, 2013
...
SEC - FIX Response to Regulation SCI 117.17 KB 397 downloads July 8, 2013
SEC - FIX Response to Regulation SCI ...
SEC - FIX Response to Consolidated Audit Trail 39.71 KB 895 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 1609 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 1194 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 574 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 1813 downloads May 18, 2006
NASD - OATS Phase III FIX Gap Analysis ...
SEC - FIX Response to Securities Transactions Settlement 383.65 KB 1335 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 385 downloads February 24, 2016
Harmonisation of the UPI ...