March 11, 2014 - Back Office Meeting Agenda

Meeting Agenda

  • CBOE Updates
    • Feb 13, 2014: Regulatory Circular RG14-018 - Introduction of Extended Trading Hours (ETH) for SPX, SPXW, SPXQ, SPXPM and VIX options
  • DTCC Updates
    • NSCC Updates
      • Mar 06, 2014: A7696 - Enhancements to NSCC's Corporate Action Database
      • Mar 04, 2014: A7695 - Year 2014 Obligation Warehouse Recaps Schedule
      • Mar 04, 2014: A7691 - New York State Stock Transfer Tax Rebate Program
      • Feb 24, 2014: A7687 - Mutual Fund Services - Networking Alpha Codes; See also A7684
      • Feb 21, 2014: A7686 - Mutual Fund Profile Service - Termination of MFP NASDAQ OMX Price File #02112660
      • Feb 13, 2014: A7682 - Training on Smart/Track for CNS Corporate Actions - Proposed Enhancements to CNS Corporate Action Database
    • DTC Updates
      • Feb 25, 2014: B0358-14 - DTCC Corporate Actions Transformation 2014 Q&A Sessions For CA Web Functionality – Announcements, Instructions, Entitlements and Allocations
      • Feb 24, 2014: B0318-14 - Retirement of Settlement Functionality
      • Feb 19, 2014: B0313-14 - Corporate Actions Transformation – Corporate Actions Web (CA Web) User Guide for Instructions Functionality For Distribution Events (formerly EDS) Now Available on the Learning Center
    • FICC Updates
      • Mar 06, 2014: MBS041-14 - Capped Contingency Liquidity Facility (“CCLF”) Test
  • Options Updates
    • Mar 07, 2014: 34260 - Expiration Processing - Good Friday 2014 (See Attached)
    • Mar 07, 2014: 34259 - Proposed Net Long Exercise Policy (See Attached)
    • Mar 03, 2014: 34235 - Encore - Pending for Correction (See Attached)
    • Feb 19, 2014: SR-OCC-2013-23 - Order Approving Proposed Rule Change, As Modified by Amendment No. 1, to Provide OCC With Authority in Emergency Circumstances to Waive, Suspend, or Extend the Time for Compliance With Its By-Laws, Rules, Policies and Procedures, or any Other Rules Issued by OCC
    • Feb 14, 2014: 34134 - RBH / CPM Program Theoretical Files - FIXML Format (See Attached)
    • Feb 12, 2014: 34123 - NYSE Liffe US Transition (See Attached)
    • Feb 12, 2014: 34118 - Letter of Credit Rollover (See Attached)
  • FINRA Updates
    • FINRA Rule 4210 - TBA Margining 
      • Mar 10, 2014: FINRA MBS Margining Proposal Comment Letter Draft (See Attached)
      • Jan 27, 2014: Regulatory Notice 14-02 - FINRA Requests Comment on Proposed Amendments to FINRA Rule 4210 for Transactions in the TBA Market - Comment Period Ends March 28, 2014
      • Next Meeting Date: Thursday, March 13th @ 11 AM ET
    • FINRA CARDS
      • Mar 04, 2014: Update Regarding Regulatory Notice 13-42
      • Dec 23, 2013: Regulatory Notice 13-42 - FINRA Requests Comment on a Concept Proposal to Develop the Comprehensive Automated Risk Data System - Comment Period Extended to March 21, 2014
    • FINRA Hybrid Securities Proposal
      • Feb 27, 2014: SR-FINRA-2013-039 - Notice of Filing of Amendment No. 1 to Proposed Rule Change to Clarify the Classification and Reporting of Certain Securities to FINRA
    • TRACE Reporting
      • Feb 24, 2014: SR-FINRA-2013-046 - Notice of Filing of Amendment No. 1 and Order Granting Accelerated Approval of Proposed Rule Change, as Modified by Amendment No. 1, Relating to TRACE Reporting and Dissemination of Transactions in Asset-Backed Securities
    • OATS Trade Reporting WG
      • Feb 27, 2014: SR-FINRA-2013-050 - Notice of Filing of Amendment No. 1 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1, Relating to Over-the-Counter Equity Trade Reporting and OATS Reporting; See also Comment Letters
  • MSRB Updates
    • Feb 27, 2014: 2014-05 - SEC Approves New Consolidated Registration Rule and Registration Form for Dealers and Municipal Advisors
    • Feb 26, 2014: SR-MSRB-2013-09 - Order Granting Approval of Proposed Rule Change, as Modified by Amendment No. 1, Consisting of Amendments to MSRB Rules A-12, on Initial Fee, G-14, on Reports of Sales or Purchases, and the Facility for Real-Time Transaction Reporting and Price Dissemination (“RTRS Facility”); Deletion of Rules A-14, on Annual Fee, A-15, on Notification to the Board of Change in Status or Change of Name or Address, and G-40, on Electronic Mail Contacts; Deletion of References to RTRS Testing Requirements under G-14(b)(v), G-14(c), on RTRS Procedures, and in the RTRS Facility; Elimination of MSRB Forms RTRS and G-40, and Adoption of a Single, Consolidated Electronic Registration Form, New Form A-12
    • Feb 25, 2014: 2014-04 - Request for Comment on Draft MSRB Rule G-44, on Supervisory and Compliance Obligations of Municipal Advisors
    • Feb 21, 2014: SR-MSRB-2013-04 - Notice of Filing of Amendment No. 1 and Order Granting Accelerated Approval of Proposed Rule Change, as Modified by Amendment No. 1 Thereto, Relating to a New MSRB Rule G-45, on Reporting of Information on Municipal Fund Securities
    • Feb 19, 2014: 2014-02 - Request for Comment on Draft Best-Execution Rule, Including Exception for Transactions with Sophisticated Municipal Market Professionals
    • Feb 12, 2014: SR-MSRB-2014-01 - Notice of Filing of a Proposed Rule Change Consisting of Proposed Revisions to MSRB Rule G-30, on Prices and Commissions and the Deletion of Rule G-18, on Execution of Transactions
  • New York Fed Updates
    • Mar 07, 2014: Updated Frequently Asked Questions: TMPG Fails Charges
    • Feb 13, 2014: Update on Tri-Party Repo Infrastructure Reform
  • FIF Working Group Updates 
    • Symbology WG
      • Feb 26, 2014: Data Technical News #2014 - 4 - NASDAQ OMX Issues Update on Symbology Initiative
      • Common Suffix Plan Update
    • Consolidated Audit Trail WG - Sign up for CAT Alerts
      • Comment Letters on Selection Process Plan including SRO Response
      • Mar 03, 2014: CAT Request For Proposal Documents: version 3.0
      • Feb 28, 2014: RFP Questions and Responses
      • Feb 26, 2014: Bidder Evaluation Framework
      • Feb 26, 2014: Preliminary EBS Gap Analysis
      • Feb 21, 2014: 34-71596 - Order Approving 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
      • Next Meeting Date: Friday, March 14th @ 10 AM ET
    • Large Trader Reporting WG/EBS Subgroup - Sign up for Large Trader Alerts
      • Large Trader Options Calculation Discussion
    • Market Stability WG - Sign up for Market Stability Alerts
      • FIF Meeting on DTCC Limit Monitoring: Friday, March 14th @ 1 PM ET
      • Mar 04, 2014: A7694 - DTCC Limit Monitoring User Testing
      • Feb 28, 2014: SR-NSCC-2013-12 - Order Approving Proposed Rule Change to Provide Members with a Risk Management Tool that Will Enable Members to Monitor Trading Activity and Receive Notifications When Pre-Set Trading Limits Are Reached; See also A7693
      • Feb 24, 2014: A7688 - DTCC Limit Monitoring Onboarding Timetable
      • Comment Letters on SR-NSCC-2013-12 DTCC Limit Monitoring; See also 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
      • Feb 25, 2014: NYSE and NYSE MKT - Introduce New Bulk Cancel Functionality
      • Feb 25, 2014: NYSE Risk Management Tools
      • Feb 18, 2014: SR-NASDAQ-2014-017- Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Add a Risk Management Tool Commonly Known as a “Kill Switch"; See also SR-BX-2014-010, SR-PHLX-2014-10
      • See Comment Letters on Regulation SCI
    • FATCA WG - Sign up for FATCA WG Alerts
      • Revisions to the Final FATCA Regulations
      • FATCA Coordination Regulations
      • FATCA Amendments and Coordination Regulations Fact Sheet
      • FATCA Relevant Links 
      • IRS Publishes FFI List FAQs
      • Next Meeting Date: Wednesday, March 12th @ 11 AM ET
    • Cost Basis – Sign up for Cost Basis Alerts
      • Feb 14, 2014: FIF Comment Letter on the 2014 Instructions for Forms 1099-INT Interest Income and 1099-OID Original Issue Discount
      • Cost Basis Relevant Links
      • Nov 18, 2013: New Draft Forms Released
      • Aug 22, 2013: FIF Cost Basis Comment Letter on Final Regulations for Basis Reporting for Debt Instruments and Options
      • Next Meeting Date: Tuesday, March 18th @ 11 AM ET
  • 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
      • Mar 2014: A7630 - Requirement for the CNS ACATS and DTC Settling Assets Project - Tentative Production Date - Issued May 03, 2013
      • Mar 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 - Issued Oct 17, 2013
      • Mar 07, 2014: SR-NSCC-2013-11 - NSCC is issuing a revised production implementation date for the AIP Capacity Redesign and Enhancements project of the Alternative Investment Product Services (AIP). These enhancements were originally scheduled for implementation into Production on Thursday, February 13, 2014. The new production implementation date is Friday, March 21, 2014 – Issued Oct 15, 2013
      • Mar 21, 2014: A7723 - NSCC is issuing a revised production implementation date for the AIP Capacity Redesign and Enhancements project of the Alternative Investment Product Services (AIP). These enhancements were originally scheduled for implementation into Production on Thursday, February 13, 2014. The new production implementation date is Friday, March 21, 2014 – Issued Oct 15, 2013
      • Mar 28, 2014: Effective March 28, 2014, OCC is changing the "Underlying Name" data field label to "Symbol Name" on the Directory of Listed Products and Series - Issued Jan 27, 2014
      • No 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
      • May 2014: A7735 - In May 2014, subject to SEC approval, the NSCC and the DTC plan to implement the Continuous Net Settlement (CNS) Automated Customer Account Transfer Services (ACATS) and DTC Settling Assets Projects – Issued Nov 18, 2013
      • May 01, 2014: Regulatory Notice 13-38 - FINRA and the other U.S. members of the Intermarket Surveillance Group (ISG members) have extended the effective date for compliance with certain new data elements for Electronic Blue Sheets (EBS) identified in Regulatory Notice 13-16 to May 1, 2014 - Issued Nov 1, 2013
      • 1H2014: SR-NSCC-2013-11- Obligation Warehouse Proposes to Enhance Service with Pair-Off Function
      • May 16, 2014: A7672 - NSCC's CMU RTTM system is undergoing a major rewrite, which will modernize the CMU RTTM software, upgrade CMU RTTM Web, eliminate obsolete processing and port the application to DTCC approved hardware. Members must complete testing by May 16 and will be required to sign off on their test results.
      • May 30, 2014: Regulatory Notice 14-05 - The SEC approved FINRA’s proposed rule change to adopt additional financial and operational rules for the consolidated FINRA Rulebook (the Consolidated Rulebook). FINRA Rules 4314, 4330 and 4340 are new consolidated rules governing securities loans and borrowings, permissible use of customers’ securities and callable securities. The new rules are based in part on, and replace, provisions of the NYSE and NASD rules and include new provisions.
    • FIF Market Share Report
    • FIF Market Dynamics Report
    • Market Share & Market Dynamics Executive Summary
  • Conference Call Logistics
  • Next Meeting Date: Tuesday, April 8th, 2014 @ 11 AM ET