December 10, 2013 - Back Office Meeting Agenda

Meeting Agenda

  • DTCC Updates
    • NSCC Updates
      • Dec 02, 2013: A7745 - December 2013 Obligation Warehouse Recaps Schedule
      • Nov 29, 2013: A7744 - DTC Collateral Designations and Segregation Options; See also B2050-13
      • Nov 25, 2013: SR-NSCC-2013-11 - Notice of Filing of Proposed Rule Change to Add a New Service to the National Securities Clearing Corporation’s Obligation Warehouse (“OW”) Which Would Pair Off and Close Certain Open Obligations, Reducing the Number of Open Obligations in OW; See also Nov 22, 2013: A7739 - Timeline for Testing Obligation Warehouse's Proposed Pair Off Function; See also Nov 14, 2013: A7732 - Rule Filing (SR-NSCC-2013-11) - OW Pair Off Function
      • Nov 21, 2013: A7737 - New Settling Location Reason on ACATS Output Record Layouts
      • Nov 18, 2013: A7735 - Participant Testing of the CNS ACATS and DTC Settling Assets Projects REVISED; See also B1964-13

      • Nov 12, 2013: SR-NSCC-2013-10 - Order Approving Proposed Rule Change to Decommission Its Trade Risk Pro Service; See also A7736
      • Nov 08, 2013: A7730 - Implementation of Universal Trade Capture for New York Stock Exchange OCS
      • Nov 01, 2013: A7728 - Year 2013 Obligation Warehouse Recaps Schedule
    • DTCC Risk Management Tools
      • Nov 29, 2013: A7743 - DTCC Limit Monitoring Advance Access and Risk-Entity Pre-Populating; See also A7738
      • Nov 26, 2013: SR-NSCC-2013-12 - Notice of Filing of Proposed Rule Change to Provide Its Members with a Risk Management Tool that Would Enable Members to Monitor Trading Activity and Receive Notifications When Pre-Set Trading Limits are Reached
      • Nov 15, 2013: A7734 - Rule Filing (SR-NSCC-2013-12) - DTCC Limit Monitoring
    • DTC Updates
      • Nov 13, 2013: B1952-13 - Settlement Matching – Phases 3 and 4
      • Nov 11, 2013: B1937-13 - DTCC Corporate Actions Transformation – Technical Requirements for Mandatory Migration to the Corporate Actions Web (CA Web) Application
      • Nov 05, 2013: B1890-13 - Retirement of PTS/PBS Functions for Corporate Actions Distribution Events
    • FICC Updates
      • Nov 26, 2013: GOV098.13 - Parallel Period Regarding Changes to Intraday Margining of GCF Repo Activity
      • Nov 22, 2013: SR-FICC-2013-10 - Notice of Filing of Proposed Rule Change to Establish the Minimum Financial Requirements for the Existing Membership Category of Registered Investment Company Netting Members in the Government Securities Division
      • Nov 21, 2013: GOV097.13 - Special Announcement Regarding the Upcoming 5yr Treasury Auction
      • Nov 14, 2013: GOV096.13 - GSD Buy/Sell Forward Trades
  • OATS Reporting
    • Nov 22, 2013: SR-FINRA-2013-050 - Notice of Filing of a Proposed Rule Change Relating to Over-the-Counter Equity Trade Reporting and OATS Reporting; See FINRA Notice

    • Next Meeting Date: Thursday, December 5 @ 11 AM ET
  • FINRA TRACE Reporting
    • Nov 20, 2013: SR-FINRA-2013-046 - Notice of Filing of a Proposed Rule Change Relating to TRACE Reporting and Dissemination of Transactions in Additional Asset-Backed Securities

  • FIF Working Group Updates 
    • Symbology WG
      • Nov 19, 2013: FIF NASDAQ Expanded Symbology Matrix
      • Nov 15, 2013: FIF Comment Letter on NASDAQ Expanded Suffix Symbology
      • Nov 05, 2013: Equity Technical Update #2013 - 30 - Suffix Symbology Test Symbol Update
      • 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
      • Nov 15, 2013: 34-70892 - Notice of Filing of Proposed National Market System Plan Governing the Process of Selecting a Plan Processor and Developing a Plan for the Consolidated Audit Trail
      • FIF CAT Current Documents
      • CAT NMS Plan SRO Portal
    • 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
    • Market Stability WG - Sign up for Market Stability Alerts
      • Nov 06, 2013: 34-70822 - Notice of Filing of Amendment No. 1 and Order Granting Approval to Proposed Rule Changes, as Modified by Amendment No. 1, that Address the Exchanges’ Emergency Powers
      • 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
      • Nov 27, 2013: FIF FATCA Implementation Delay Letter
      • Nov 18, 2013: FIF FATCA Letter - FFI List Update Frequency
      • Oct 29, 2013: Notice 2013-69 including access to the FFI agreement that foreign financial institutions must use
    • Cost Basis – Sign up for Cost Basis Alerts

      • Nov 18, 2013: New Draft Forms Released
      • 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
      • Next Meeting Date: Wednesday, December 11, 2013 @ 10 AM ET
  • Additional Updates - Options
    • Dec 02, 2013: 33646 - Reminder - Transfer of Account Cost Basis Changes - Screens, Reports, and DDS - (See Attached)
    • Nov 19, 2013: SR-ISE-2013-58 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Change the Expiration Date for Most Options Contracts to the Third Friday of the Expiration Month Instead of the Saturday Following the Third Friday
    • Nov 07, 2013: Regulatory Notice 13-39 - SEC Approves Amendments to FINRA Rule 2360 (Options) and FINRA Rule 4210 (Margin Requirements) in Connection With Over-the-Counter Options Cleared by the OCC
  • Additional Updates - Equities
    • Nov 27, 2013: SR-FINRA-2013-035 - Order Approving Proposed Rule Change to Adopt FINRA Rules 4314 (Securities Loans and Borrowings), 4330 (Customer Protection – Permissible Use of Customers’ Securities) and 4340 (Callable Securities) in the Consolidated FINRA Rulebook, as Modified by Partial Amendments No. 1 and No. 2
    • Nov 14, 2013: SR-FINRA-2013-047 - Notice of Filing of a Proposed Rule Change to Amend FINRA Rule 8312 (FINRA BrokerCheck Disclosure) to Include Information About Members and Their Associated Persons of Any Registered National Securities Exchange that Uses the CRD System for Registration Purposes
    • Nov 14, 2013: SR-FINRA-2013-048 - Notice of Filing of a Proposed Rule Change to Amend FINRA Rule 8312 (FINRA BrokerCheck Disclosure) to Expand the Categories of Civil Judicial Disclosures Permanently Included in BrokerCheck
  • 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, January 14, 2014 @ 11 AM ET
  • FIF 2013 Year End Event - Sponsored by Societe Generale: Wednesday, December 11, 2013