NEW Q. Is a clearing firm responsible for filing a TIC Form S?
A. No. A clearing firm is not responsible for filing the TIC Form S. Typically the firm that executed the securities transaction is obligated to report the data. Since the clearing firm is not principal to the trade, it has no reporting obligation. For additional information, refer to the TIC Form S Fact Sheets. The TIC Form S Fact Sheets can be found at http://www.treas.gov/tic/srptresp.805.pdf.
