April 08, 2014 - Back Office Meeting Agenda

Meeting Agenda

  • TMPG Updates
    • Apr 04, 2014: Best Practices for Treasury, Agency Debt, and Agency Mortgage-Backed Securities Markets
    • Mar 27, 2014: Frequently Asked Questions: TMPG Fails Charges - The TMPG has published updated FAQs related to its fails charge practice recommendation. As part of this update, the TMPG has provided further guidance regarding the applicability of fails charges for free-deliveries, pair-offs and round robins.
  • CBOE Updates
    • Mar 20, 2014: Regulatory Circular RG14-036  - Updated Extended Trading Hours (ETH) Specifications
  • DTCC Updates
    • NSCC Updates
      • Impact of European Shortened Settlement Cycle
      • Apr 01, 2014: A7700 - Enhancements to Mutual Fund-Related ACATS Revised
      • Apr 01, 2014: A7816 - Year 2014 Obligation Warehouse RECAPS Schedule
      • Apr 01, 2014: A7811 - Rule Filing SR-NSCC-2014-04 - ACATS Modifications
      • Apr 01, 2014: A7814 - DTCC Limit Monitoring Launch Date and Webinars
      • Mar 28, 2014: A7812 - Advance Notice (SR-NSCC-2014-802) - Enhancement to NSCC's Parametric VAR Model
      • Mar 27, 2014: A7809 - Enhancements to CNS Corporate Action Database - Registration for SMART/Track for CNS Corporate Actions; See also A7806
      • Mar 25, 2014: A7808 - Exchange Traded Funds Rewrite Implementation Deadline - September 30, 2014 REVISED
      • Mar 24, 2014: A7807 - Mutual Fund Profile Service II - Distribution Declaration Dividend (042) Reinvest Price Field Change / Record Layout Documentation Update
      • Mar 21, 2014: A7705 - Business Continuity Testing; See also MBS043-14, GOV014-14
      • Mar 20, 2014: A7703 - DTCC Limit Monitoring Onboarding Timetable
      • Mar 20, 2014: A7702 - MFPSII Profile Security Database - Social Code Modifications
      • Mar 17, 2014: A7701 - ACATS-Fund/SERV Enhancements
      • Mar 14, 2014: A7699 - MFPSII Profile Security Database Comparison Tool - Scorecard Report Targeted Implementation
      • Mar 14, 2014: SR-NSCC-2014-03 - Notice of Filing of Proposed Rule Change to Enhance the System that Processes Corporate Actions Within NSCC’s Continuous Net Settlement (“CNS”) System
    • DTC Updates
      • Mar 31, 2014: B0710-14 - DTC Preferred Stock Re-allocation
      • Mar 28, 2014: SR-DTC-2014-03 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Update Existing Procedures as They Relate to Processing Mandatory Corporate Actions; See also B0705-14
      • Mar 26, 2014: B0695-14 - Settlement Matching Phase 3
      • Mar 19, 2014: SR-DTC-2013-11 - Notice of Filing Amendment Nos. 1 and 2 and Order Instituting Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change to Specify Procedures Available to Issuers of Securities Deposited at DTC for Book Entry Services When DTC Imposes or Intends to Impose Restrictions on the Further Deposit and/or Book Entry Transfer of Those Securities
      • Mar 17, 2014: B0361-14 - Connectivity To DTC’s UTOR Testing Environment
      • Mar 14, 2014: B0450-14 - Canadian Dividend Reinvestment Program
    • FICC Updates
      • Mar 27, 2014: MBS063.14 - Clarification Regarding TMPG Fails Charge on Round Robins and Pair-offs; See also MBS044.14
      • Mar 19, 2014: MBS045-14 - New Web-Based EaSyPool (ESP) Application
  • FINRA Updates
    • FINRA Rule 4210 - TBA Margining 
      • Mar 10, 2014: FINRA MBS Margining Proposal Comment Letter; See also Regulatory Notice 14-02
    • FINRA CARDS
      • Mar 21, 2014: FIF CARDS Comment Letter
      • 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
      • Mar 27, 2014: SR-FINRA-2013-039 - Notice of Designation of Longer Period for Commission Action on Proceedings to Determine Whether to Disapprove Proposed Rule Change, as Modified by Amendment No. 1, to Clarify the Classification and Reporting of Certain Securities to FINRA
    • TRACE Reporting
      • Mar 12, 2014: New Specifications for Bond Trade Dissemination Service for 144A Transactions
    • OATS/Trade Reporting WG
      • Mar 21, 2014: Firms Capturing Time in Milliseconds Required to Report to OATS in Milliseconds Beginning April 7, 2014
      • 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
    • Additional FINRA Updates
      • Mar 25, 2014: Regulatory Notice 14-13 - Extension of Time Requests Relating to New SEA Rule 15c3-3(d)(4)
      • Mar 24, 2014: Regulatory Notice 14-12 - FINRA Announces Updates of the Interpretations of Financial and Operational Rules
      • Mar 19, 2014: Regulatory Notice 14-10 - SEC Approves New Supervision Rules
  • SEC Updates
    • Mar 24, 2014: Staff Analysis of Data and Academic Literature Related to Money Market Fund Reform
    • Mar 12, 2014: 34-71699 - Standards for Covered Clearing Agencies
    • Mar 06, 2014: FAQs Concerning the Amendments to Certain Broker-Dealer Financial Responsibility Rules
  • Options Updates
    • Mar 31, 2014: 34389 - New Clearing Fund Sizing Analysis and Liquidity Forecast Reports (See Attached)
    • Mar 21, 2014: 34331 - Mandate Customer ID on Post Trade CMTA Transfers (See Attached)
  • FIF Working Group Updates 
    • Omnibus Account WG
      • Apr 07, 2014: Omnibus Account WG - Feedback to Date (See Attached)
    • Symbology WG
      • Feb 26, 2014: Data Technical News #2014 - 4 - NASDAQ OMX Issues Update on Symbology Initiative
    • Consolidated Audit Trail WG - Sign up for CAT Alerts
      • Mar 25, 2014: CAT Bid Response List
      • Mar 20, 2014: FIF CAT WG Meeting Notes with SEC; See also CAT Commissioner Briefing and CAT/Large Trader Phase 3 Discussion
    • Large Trader Reporting WG/EBS Subgroup - Sign up for Large Trader Alerts
    • Market Stability WG - Sign up for Market Stability Alerts
      • Apr 1, 2014: A7814 - DTCC Limit Monitoring Launch Date and Webinars
      • Mar 20, 2014: A7703 - DTCC Limit Monitoring Onboarding Timetable
    • FATCA WG - Sign up for FATCA WG Alerts
      • 2014 Form W-8BEN-E
      • Revisions to the Final FATCA Regulations
      • FATCA Coordination Regulations
      • FATCA Amendments and Coordination Regulations Fact Sheet
      • FATCA Relevant Links 
      • IRS Publishes FFI List FAQs
    • Cost Basis – Sign up for Cost Basis Alerts
      • Mar 31, 2014: FIF Comment Letter on the 2014 Instructions for Form 1099-B Proceeds From Broker and Barter Exchange Transactions
      • Cost Basis Relevant Links
      • Nov 18, 2013: New Draft Forms Released
  • 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
      • Apr 08, 2014: A7688 - NSCC will provide a risk management tool that will allow NSCC Members to monitor trading activity and will deliver to them notifications when pre-set trading limits are reached. By April 8th, members need to input initial net-notional limit amounts for each risk entity – Issued Feb 24, 2014
      • Apr 09, 2014: A7703 - The requirement to subscribe for DTCC Limit Monitoring will be effective on April 9, 2014. Real-time data begins flowing into DTCC Limit Monitoring and on-screen alert notification and MQ alert message notification functions are available - Issued Mar 20, 2014
      • Apr 23, 2014: 34-68668 (Lost Securityholders and Unresponsive 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
      • Apr 25, 2014: B0318-14 - DTC is continuing to retire settlement functions in the legacy PTS and PBS user interfaces. The next round of retirements, originally scheduled for February 27, 2014 for transaction input functionality, has been postponed until April 25th, 2014 – Issued Feb 24, 2014
      • 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 14-05 - SEC Approves Consolidated FINRA Rules 4314 (Securities Loans and Borrowings), 4330 (Customer Protection – Permissible Use of Customers’ Securities) and 4340 (Callable Securities): Effective Date: May 1, 2014 – Issued Feb 3, 2014
      • 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
      • May 12, 2014: 2014-05 - The MSRB received approval from the SEC to amend, consolidate and streamline the MSRB’s registration rules and process for brokers, dealers, municipal securities dealers, and municipal advisors (regulated entities). The changes require all MSRB regulated entities to verify and augment their existing registration information with the MSRB beginning May 12th, 2014 – Issued Feb 27, 2014
      • 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 - Issued Jan 30, 2014
      • 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 - Issued Feb 3, 2014
    • FIF Market Share Report
    • FIF Market Dynamics Report
    • Market Share & Market Dynamics Executive Summary
  • Next Meeting Date: Tuesday, May 13th @ 11 AM ET