November 12, 2013 - Back Office Meeting Agenda

Meeting Agenda

  • DTCC Updates
    • NSCC Updates
      • Obligation Warehouse as Electronic Matching Engine
      • Oct 31, 2013: Enhancing Risk Management: Important Upcoming Changes from NSCC November 2013
      • Oct 15, 2013: A7723 - REVISED ─ Production Implementation Date for the AIP Capacity Redesign & Enhancements
      • Oct 08, 2013: A7714 - Amendment No. 3 to Rule Filing and Advance Notice (SR-NSCC-2013-02 and SR-NSCC-2013-802) - Supplemental Liquidity Deposit (SLD); See also SR-NSCC-2013-02
    • DTC Updates
      • Oct 28, 2013: B1867-13 - Receiver Authorized Delivery Bilateral Limits
      • Oct 11, 2013: SR-DTC-2013-10 - Order Approving Proposed Rule Change to Terminate the Sealed Envelope Service, Which is Part of The Depository Trust Company’s Custody Service
    • FICC Updates
      • Oct 29, 2013: GOV084.13 - Submission of Rule Filing SR-FICC-2013-10—Registered Investment Companies as GSD Netting Members—establishment of minimum financial requirements; See also GOV081.13 
      • Oct 28, 2013: GOV082.13 - Enhanced Password Requirements; See also MBS187.13
      • Oct 04, 2013: MBS168.13 - Capped Contingency Liquidity Facility (“CCLF”) Test
  • OCC & Options Related
    • Nov 01, 2013: Memo #33509 - New CMTA Core Report
    • Oct 30, 2013: Memo #33490 - Reminder - Inbound FIXML Allocations Enhancement 
    • Oct 30, 2013: Memo #33487 - Reminder - Data Distribution Services (DDS) Changes - Closing Only Indicator 
    • Oct 23, 2013: SR-NASDAQ-2013-133 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Implement Transition to Friday Expiration for Most Options Contracts
  • MSRB Updates
    • Nov 01, 2013: FIF Comment Letter on MSRB Notice 2013-14
    • Oct 03, 2013: SR-MSRB-2013-08 - Notice of Filing of a Proposed Rule Change Consisting of Amendments to MSRB Rule G-11, on Primary Offering Practices, Relating to Changes in a Bond Authorizing Document
    • 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)
  • SEC Financial Responsibility Rules
    • Oct 17, 2013: 34-70701 - Order Providing Broker-Dealers a Temporary Exemption from the Requirements of Certain New Amendments to the Financial Responsibility Rules for Broker-Dealers under the Securities Exchange Act of 1934
  • LOPR Update - FIF Conversation with FINRA
  • Oct 31, 2013: FIF Comment Letter on SR-FINRA-2013-039
  • FIF Working Group Updates 
    • Symbology WG
      • Nov 01, 2013: NASDAQ Symbology Feedback
      • Nov 01, 2013: Best Practices NASDAQ Expanded Symbology Draft as of Nov 1st
      • Nov 01, 2013: FIF Nasdaq Expanded Symbology Matrix
      • Oct 29, 2013: Frequently Asked Questions NASDAQ Expanded Suffix Symbology Plans
      • Aug 27, 2013: Equity Trader Alert #2013 - 79 - NASDAQ Announces Expanded Symbology for NASDAQ-Listed Companies, Beginning January 2014
    • 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 Offset Subgroup Next Meeting Date: Tuesday, Nov 19th, 2013 @ 2 PM ET
    • Large Trader Reporting WG/EBS Subgroup - Sign up for Large Trader Alerts
      • Nov 01, 2013: Regulatory Notice 13-38 - FINRA and ISG Extend Effective Date for Certain Electronic Blue Sheet Data Elements
      • 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
      • FATCA Relevant Links
      • Oct 29, 2013: Treasury Takes Next Step in Effort to Curtail Offshore Tax Evasion
      • Oct 29, 2013: Notice 2013-69 including access to the FFI agreement that foreign financial institutions must use
      • Next Meeting Date - Tuesday, November 12th @ 2 PM ET
    • Cost Basis – Sign up for Cost Basis Alerts
      • 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
      • 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
      • March 03, 2014: 34-70701 - Order Providing Broker-Dealers a Temporary Exemption from the Requirements of Certain New Amendments to the Financial Responsibility Rules for Broker-Dealers under the Securities Exchange Act of 1934
      • 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, Dec 10th, 2013 @ 11 AM ET
  • Save the Date: FIF 2013 Year End Event - Sponsored by Societe Generale: Wednesday, December 11, 2013 @ 5:00 PM ET