October 8, 2013 - Back Office Meeting Agenda

Meeting Agenda

  • DTCC Updates
    • NSCC Updates
      • Oct 03, 2013: A7700 - Modifications to the Intra-Day Edit Process for Portfolio Composition File and Create/Redeem File Submissions
      • Sep 27, 2013: SR-NSCC-2013-10 - Proposed Rule Change to Decommission its Trade Risk Pro Service; See also A7703, A7701
      • Sep 25, 2013: SR-NSCC-2013-02 - Notice of Designation of Longer Period for Commission Action on Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change, as Modified by Amendment Nos. 1 and 2, to Institute Supplemental Liquidity Deposits to Its Clearing Funding Designed to Increase Liquidity Resources to Meet Its Liquidity Needs
      • Sep 20, 2013: A7706 - Creation of DTCC Clearing Agency Liquidity Council and Nomination Process; See also B1658-13, MBS.165
      • Sep 17, 2013: A7702 - November 18, 2013 Release - 'Record Date Shares' Field - Revised to Optional
      • Sep 12, 2013: A7698 - Proposed DTCC Limit Monitoring Risk Management Tool
    • DTC Updates
      • Sep 10, 2013: B-1417 - Retirement of Settlement Functionality
    • FICC Updates
      • Sep 27, 2013: MBS167.13 - Notice of Rule Filing Approval - SR-FICC-2013-08 MBSD Notification of Settlement; See also SR-FICC-2013-08, MBS135.13, MBS151.13
      • Sep 25, 2013: MBS166.13 - Conversion of MBSD Operation System from VMS to Linux and Member Testing
      • Sep 25, 2013: GOV068.13 - Special Announcement Regarding the Upcoming 5-Year Treasury Auction; See also GOV065.13, GOV059.13 and GOV057.13
  • Broker-Dealer Reporting/Form Custody 
    • 34-70073 - Broker-Dealer Reporting/Form Custody - Issued Jul 31, 2013
    • Determine FIF Next Steps, e.g., asking the SEC about Form Custody Security Classifications
  • LOPR - As-of Trade Processing
    • Updated OCC FAQs Expected October 4th, 2013
  • OCC & Options Related
    • Oct 02, 2013: 33362 - Transfer of Account Cost Basis Changes - Screens, Reports, and DDS (Attached)
    • Sep 24, 2013: SR-BOX-2013-45 - Proposed Rule Change to Amend Exchange Rules in Order to Implement the Upcoming Change to Friday Expiration Processing and Eventual Transition to Friday Expiration for All Monthly Expiration Contracts; See also Sep 11, 2013: SR-NYSEMKT-2013-73; See also Aug 26, 2013: SR-Phlx-2013-89, SR-NASDAQ-2013-112, SR-BX-2013-050; See also Aug 19, 2013: SR-C2-2013-031; See also Aug 01, 2013: SR-CBOE-2013-073
    • Sep 20, 2013: 33312 - Inbound FIXML Allocations Enhancement (Attached)
    • Jul 11, 2013: SR-OCC-2013-05 - Order Approving Proposed Rule Change to Provide that OCC, Rather Than an Adjustment Panel of the Securities Committee, Will Determine Adjustments to the Terms of Options Contracts
  • Money Market Reform
    • Sep 17, 2013: FIF Money Market Reform Comment Letter
  • MSRB Updates
    • Sep 26, 2013: SR-MSRB-2013-05 - Notice of Filing of Amendment No. 1 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1 Thereto, to Amend MSRB Rules G-8, G-11, and G-32 to Include Provisions Specifically Tailored for Retail Order Periods; See also MSRB Notice 2013-20
    • Jul 31, 2013: 2013-14 - Rule G-14 Concept Release on Pre-Trade and Post-Trade Pricing Data Dissemination Through a New Central Transparency Platform - Comments due Nov 1, 2013 - (FIF Plans to Comment)
    • Mar 15, 2013: FIF Comment Letter on MSRB Notice 2013-02
    • FIF Back Office Meeting with MSRB on MSRB Notice 2013-14: Wednesday, Oct 9th, 2013 @ 1 PM ET
    • FIF MSRB Comment Letter Meeting: Thursday, Oct 17th, 2013 @ 2 PM ET
  • FINRA TRACE
    • Sep 24, 2013: SR-FINRA-2013-039 - Proposed Rule Change to Clarify the Classification and Reporting of Certain Securities to FINRA
    • Sep 06, 2013: SR-FINRA-2013-029 - Order Granting Approval of Proposed Rule Change Relating to the Dissemination of Transactions in TRACE-Eligible Securities that are Effected Pursuant to Securities Act Rule 144A
  • FINRA Rule 2111 Suitability
    • Sep 25, 2013: Regulatory Notice 13-31 - FINRA Highlights Examination Approaches, Common Findings, and Effective Practices for Complying with its Suitability Rule
  • FIF Working Group Updates 
    • Symbology WG
      • Aug 27, 2013: Equity Trader Alert #2013 - 79 - NASDAQ Announces Expanded Symbology for NASDAQ-Listed Companies, Beginning January 2014
      • Next Meeting Date: Friday, Oct 11th, 2013 @ 11 AM ET
    • Consolidated Audit Trail WG - Sign up for CAT Alerts
      • Aug 26, 2013: Cover Letter to NMS Plan
      • CAT Selection Process NMS Plan
      • FIF CAT Current Documents
      • CAT NMS Plan SRO Portal
      • CAT - Clock Drift Subgroup - Next Meeting Date: Wednesday, Oct 9th, 2013 @ 4 PM ET
      • Next Meeting Date: Thursday, Oct 10th, 2013 @ 1 PM ET
    • Large Trader Reporting WG/EBS Subgroup - Sign up for Large Trader Alerts
      • Oct 01, 2013: Exemptive Order Discussion
      • Oct 01, 2013: Large Trader Phase 2 Implementation Timing Concerns Draft
    • Market Stability WG - Sign up for Market Stability Alerts
      • Sep 20, 2013: SR-NYSEMKT-2013-66 - Notice of Designation of a Longer Period for Commission Action of Proposed Rule Changes that Address the Exchanges' Emergency Powers; See also SR-NYSEArca-2013-77, SR-NYSE-2013-54 
      • Aug 29, 2013: FIF Comment Letter on Proposed NYSE Rule 49
      • Mar 08, 2013: Proposed Regulation Systems Compliance and Integrity; See also Comment Letters on Regulation SCI
    • FATCA WG - Sign up for FATCA WG Alerts (Liz DiNicola, Broadridge)
      • FATCA Relevant Links
      • Sep 17, 2013: IRS published FAQs on FATCA Registration System
      • Sep 17, 2013: IRS published FAQs on QI and IGA issues
      • Sep 10, 2013: IRS Published FATCA Technical Corrections
      • Jul 19, 2013: Draft Form 8957 updated on IRS FATCA website
      • Jul 12, 2013: 2013-43 - Six-Month Extension for FATCA Withholding
      • Jun 21, 2013: FIF FATCA WG Letter to IRS on Material Modifications
    • Cost Basis – Sign up for Cost Basis Alerts (Bob Linville, Scivantage)
      • Drafting Comment Letter on Final Regulations on Basis Reporting regarding Transfers of Basis
      • Aug 22, 2013: FIF Cost Basis Comment Letter on Final Regulations for Basis Reporting for Debt Instruments and Options
  • FIF Monthly Reports
    • Sign up for Report Alerts
    • FIF Initiatives Tracker
    • FIF Milestone Tracker (Milestones Listed Below)
      • TBD: OCC Exercise Restriction Policy
      • TBD: Shortened Settlement Cycle
      • Oct 21, 2013: 34-70073 - Broker-Dealer Reporting/Form Custody Effective Date - Issued Jul 30, 2013
      • Nov 01, 2013: 34-70150 - Phase 2 of Order Temporarily Exempting Certain Broker-Dealers and Certain Transactions from the Recordkeeping and Reporting Requirements of Rule 13h-1 Under the Securities Exchange Act of 1934 - Issued Aug 08, 2013
      • Nov 08, 2013: A7701 - OTC Comparison Service Decommissioning for Equity Transactions (Beginning November 8, 2013 equity OTC Comparison submissions will not be accepted and output will not be produced. The system's final processing day will be Thursday November 7, 2013 - Issued Sep 13, 2013
      • Dec 2013: New Settling Location Reason of ACATS Output Record Layouts - Issued Jun 07, 2013
      • Dec 31, 2013: Final drafts of TIC forms - Issued Jul 17, 2013 
      • Dec 31, 2013: 34-70073 - Broker-Dealer Reporting/Form Custody Effective Date - Issued Jul 30, 2013 
      • Jan 23, 2014 - 34-68668 - The SEC is adopting amendments to Rule 17Ad-17 to search for lost securityholders from only recordkeeping transfer agents to brokers and dealers as well - Issued Jan 16, 2013
      • Feb 14, 2014: A7697- Implementation Date for Real Time Trade Submission - Issued Sep 09, 2013
      • Mar 2014: A7630 - Requirement for the CNS ACATS and DTC Settling Assets Project - Tentative Production Date - Issued May 03, 2013
      • Not later than March 31, 2014: Notice of Filing of a Proposed Rule Change to Amend MSRB Rules G-8, G-11 and G-32 to Include Provisions Specifically Tailored for Retail Order Periods - Issued Jun 28, 2013
      • 2Q2014: CMU 003.13 - Replatforming Initiative for Corporate Bond, Municipal Bond, UIT (CMU) Real Time Trade Matching (RTTM) System - Issued May 13, 2013
      • Apr 23, 2014: 34-68668 (Lost Securityholders and Unresponsible Payees)- First search for the Rule 17Ad-17 on April 23, 2014, but certain information needed to collect by January 23rd - Issued Jan 16, 2013
      • 1H2014: A7684 - Obligation Warehouse Proposes to Enhance Service with Pair-Off Function
      • Jun 01, 2014: 34-70073 - Broker-Dealer Reporting/Form Custody Effective Date - Issued Jul 30, 2013
      • After Jun 2014: MSRB announced proposed new Rule G-45, requiring dealers acting in the capacity of underwriters to submit to the MSRB certain information for the 529 plans they underwrite, on a semi-annual basis - Issued Jun 10, 2013
      • Jul 14, 2014: 34-68668 - Revised Rule 17Ad-17 to include a requirement that the paying agent provide a single written notification to each missing securityholder that the missing security holder has been sent a check that has not yet been negotiated - Such written notification must be sent to a missing securityholder no later than seven months after the sending of the not yet negotiated check and may be sent along with a check or other mailing subsequently sent to the missing securityholder - When there is an uncashed check, or any mailing sitting stale for more than 6 months, firms must perform database search to find the client - Issued Jan 16, 2013
      • Before 2015: DTCC Corporate Actions Reengineering Initiative
      • Nov 01, 2015: 34-70150 - Phase 3 of Order Temporarily Exempting Certain Broker-Dealers and Certain Transactions from the Recordkeeping and Reporting Requirements of Rule 13h-1 Under the Securities Exchange Act of 1934 - Issued Aug 08, 2013
    • FIF Market Share Report
    • FIF Market Dynamics Report
    • Market Share & Market Dynamics Executive Summary
  • Next Meeting Date: Tuesday, Nov 12th, 2013 @ 11 AM ET