Nov 08, 2011 - Back Office Meeting Agenda

The agenda for the November Back Office meeting is shown below:

Meeting Details:
  • When: Tuesday, November 8, 2011 @ 11 AM ET

Meeting Agenda: 

  • OCC OTC Equity Derivatives Clearing (Carolyn Mitchell, First Vice President Business Development, Steven Methven, Clearing Member Representative/Member Services) 
  • FINRA Updates 
    • Operations Professional Examination 
      • Oct 14, 2011: SR-FINRA-2011-060 – Proposed Rule Change to Amend the Implementation Provision in FINRA Rule 1230(b)(6) (Operations Professional) 
      • Oct 7, 2011: Qualifications FAQ—Operations Professional 
      • Sep 16, 2011: Regulatory Notice 11-42 – Operations Professional Qualification Examination, Examination Fee and Initial Rollout Period 
      • Operations Professional - (Series 99) – 100 multiple choice questions; 150 minutes testing time. 
      • Jul 2011 – FINRA Regulatory Notice 11-33 – SEC Approves Operations Professional Registration Category and Consolidated FINRA Continuing Education Rule 
    • TRAQS Migration 
      • Nov 4, 2011: Retirement of NSCC RTTM Interface to TRACE – February 3, 2012 
      • Nov 1, 2011: Revisions to BTDS and ATDS Data Feeds, Effective February 6, 2012 
      • Oct 26, 2011: Updated FINRA Services Port Request Form 
      • Oct 3, 2011: Reporting Corporate and Agency Debt to New TRACE Platform 
      • Sep 23, 2011: System Changes for Reporting TRACE Securitized Products Transactions 
    • OATS Update 
      • Oct 28, 2011: SR-FINRA-2011-063 – Proposed Rule Change Relating to Amendments to the Order Audit Trail System Rules 
      • FIF OATS for NMS Survey – Survey Deadline: November 18 
      • FIF OATS for NMS Portal o Additional Updates 
      • Oct 21, 2011: Regulatory Notice 11-48 – FINRA Requests Comment on a Proposed New Rule Requiring Carrying/Clearing Member Firms to Maintain and Keep Current Certain Records in a Central Location – Comment Deadline: Dec 9, 2011 
  • Obligation Warehouse
    • Oct 17, 2011: A#7303 – Obligation Warehouse, Activation Of Mandatory Corporate Action Processing – Effective Date: Nov 14, 2011 
  • Large Trader Reporting 
    • FIF Large Trader Portal 
    • FIF Large Trader Reporting WG Update 
  • Cost Basis 
    • FIF Cost Basis WG - Fixed Income Survey - Final Report 
  • FATCA 
    • FIF Member Questions (Feedback received from IRS) 
    • Foreign Account Tax Compliance Act o Jul 14, 2011: IR-2011-76 – Treasury and IRS Issue Guidance Outlining Phased Implementation of FATCA Beginning in 2013 
    • Formation of FIF FACTA WG 
  • NSCC Updates 
    • Oct 26, 2011: A#7308 and CMU 007.11 – Elimination of AutoRoute Transmission of NSCC’s Corporate, Municipal, UIT (CMU) Bond Contracts – Effective Date: Apr 2012 
  • FICC Updates o Oct 24, 2011: GOV135.11 – Submission of Rule Filing – SR-FICC-2011-08 – Expansion of Fails Change 
    • Oct 7, 2011: MBS156.11 – Mortgage-Backed Securities Division 2:00 PM Pass and TBA Netting Scheduling Update 
  • Register Now: Wed, Dec 7: FIF Year End Event in NY hosted by Bloomberg 
  • Next Meeting Date: Tuesday, December 13 @ 11 AM ET