Sep 12, 2011 - Back Office Meeting Agenda

The agenda for the September Back Office meeting are as follows:

Meeting Details:
  • When: Monday, September 12, 2011 @ 11 AM ET 
  • Where: FIF Bridge: 1-212-812-0859 Passcode: 1031428# 

Meeting Agenda:

  • New Multi-Client Back Office Co-Chair: Pat Scaglione, Broadridge 
  • DTCC Updates 
    • Aug 16, 2011 - B 1188-11 - CTAS Collateral Mortgage Adjustment (CMOAD*) TO GO LIVE September 9th 
    • Aug 31, 2011 - B1245-11 - New Service Announcement – The Settlement Web 
  • FINRA Updates 
    • Operations Professional Examination – Effective Date: October 17 
      • Operations Professional - (Series 99) – 100 multiple choice questions; 150 minutes testing time. 
      • Aug 19, 2011 - SR-FINRA-2011-041 - Proposed Rule Change to Adopt the Selection Specifications and Study Outline for the Operations Professional (“Series 99”) Examination Program 
      • Aug 15, 2011 - SR-FINRA-2011-040 - Notice of Filing and Order Granting Accelerated Approval of Proposed Rule Change to Amend the Supplementary Material to FINRA Rule 1230(b)(6) (Operations Professional) (related to circumstances under which an Operations Professional of a foreign broker dealer does not have to take the Operations Professional exam) 
    • TRACE Technical Notice: 9/1/2011 - Updated NTF Database for Securitized Products Trade Reporting – September 2011 
  • Cost Basis 
    • Sep 1, 2011; CBRS007.11 – Additional updates to the Cost Basis Reporting Service record layouts 
    • Jul 29, 2011; A#7256 – Mutual Funds Networking, ACATS And ACATS FUND/ SERV Enhancements To Assist In Facilitating The Transfer Of Cost Basis Information – Effective Date: Dec 5, 2011 
    • Jul 28, 2011; CBRS006.11 – New indicator on the Cost Basis User Master File: "Exempt Recipient Accounts" 
    • Jul 26, 2011; CBRS005.11 – CBRS Enhancement Project Updates: User Testing; additional revisions to Asset and Tax Lot input record layouts – Testing Begins: Sep 30, 2011 
    • Next FIF Cost Basis WG Meeting Date: Sep 19 @ 11 AM ET 
  • FIF Large Trader WG 
    • FIF Large Trader Portal, including FIF Large Trader Implementation Tracking Document v3.0 
    • EBS Sub-Group forming. Email fifinfo@fif.com to participate. Next meeting date: Sep 16 @ 11 AM ET 
  • FIF OATS WG 
    • Aug 1, 2011 - FIX Protocol Gap Analysis Proposal - v1.6 (with Assigned Tags/Values) 
  • FIF OATS for NMS Portal 
    • FIF Lunch between FINRA Sep 13 Sessions at the Marriott Downtown, email fifinfo@fif.com to attend. 
  • FATCA 
    • Foreign Account Tax Compliance Act 
    • Jul 14, 2011; IR-2011-76 – Treasury and IRS Issue Guidance Outlining Phased Implementation of FATCA Beginning in 2013 
  • NSCC Updates 
    • Aug 29, 2011 – A-7272 - Update To The Implementation Of The NSCC Risk Management Reporting Application 
    • Obligation Warehouse 
      • Aug 30, 2011 – A-7273 – 2011 RECAPS Schedule 
      • Aug. 10, 2011 – A-7262 - Obligation Warehouse – CNS Eligibility Check To Be Implemented August 15, 2011 
    • Aug 11, 2011 – A7265 - Approval of Rule Filing SR-NSCC-2011-04 – Revisions to Envelope Settlement Service and other Rule Changes. Effective Date: TBD. 
  • FICC Updates 
    • Sep 1, 2011; GOV112.11 - Approval of FICC Rule Filing 2011-05 --Tri-Party Reform for GCF Repo Service 
    • Aug 29, 2011 - SR-FICC-2011-05 - Order Approving Proposed Rule Change to Amend the Rules Regarding the GCF Repo Service to Adopt Changes Recommended by the Tri-Party Repo Infrastructure Reform Task Force 
  • OCC Updates 
    • Memo #29190 – July 13 - CMTA Transfer Expiration Change - OCC will no longer accept CMTA transfers on expiration Saturday. Any CMTA transfers submitted on Saturday will be rejected. This change will be implemented on October 22, 2011 with the standard Saturday expiration. 
  • Legal Entity Identifier Update: 
    • August 12, 2011 – Press Release - Office of Financial Research Issues Statement on Progress to Date and Next Steps Forward in the Global Initiative to Establish a Legal Entity Identifier (LEI) 
    • August 12, 2011 – LEI Timeline of Major Events 
  • Next Meeting Date: October 11 @ 11 AM ET