May 13, 2014 - Back Office Meeting Agenda

Meeting Agenda

  • DTCC Updates
  • Apr 22, 2014: DTCC Recommends Shortening the U.S. Trade Settlement Cycle
    • NSCC Updates
      • May 08, 2014: A7837 - Implementation of Optional Dividends on SMART/Track for CNS Corporate Actions
      • May 06, 2014: A7836 - Amendment No. 1 to Advance Notice (SR-NSCC-2014-802) - Enhancement to NSCC's Parametric VAR Model
      • May 05, 2014: A7834 - FINRA Over the Counter Reporting Facility (ORF)
      • May 02, 2014: A7831 - NSCC Month End Reports - NSCC Clearing Fund System Valued Portfolio Report & CNS Report Record Report
      • May 01, 2014: A7823 - I&RS Settlement Processing for Withdrawals and Premiums - Service Name Change
      • Apr 28, 2014: A7828 - CNS Fully-Paid-For-Account - New System Edit and Error Report
      • Apr 25, 2014: SR-NSCC-2014-03 - Order Approving Proposed Rule Change to Enhance the System that Processes Corporate Actions Within NSCC’s Continuous Net Settlement System; See also A7833
      • Apr 24, 2014: A7824 - DTCC Limit Monitoring MRO Files, Email Functionality & Browser Settings
      • Apr 24, 2014: A7825 - MFPSII Profile Security Database - Social Code Modifications Postponed - New Effective Date is July 28, 2014 - Includes Additional Social Codes; See also A7827
      • Apr 23, 2014: A7822 - Advance Notice (SR-NSCC-2014-805) - Renewal of NSCC's Existing End-of-Day Line of Credit
      • Apr 10, 2014: A7819 - Set-Up of CNS Exemptions for New S Sub-Account
    • DTC Updates
      • May 08, 2014: B0945-14 - Reminder: Implementation of Changes Related to Post-Payable Adjustments for Principal & Income Payments
      • May 08, 2014: B0916-14 - DTC Settlement Changes for the CNS ACATS and DTC Settling Assets Project
      • May 01, 2014: B0915-14 - DTCC Corporate Actions Transformation Monthly Industry Calls – 2014 Schedule - REVISED
      • May 01, 2014: B0845-14 - User Roles Required for Corporate Actions Web (CA Web) Access Are Now Available for Provisioning In Advance of the Commencement of the CA Web Parallel Testing Period During the Week of June 23, 2104
    • FICC Updates 
      • May 06, 2014: GOV045-14 - Submission of FICC Rule Filing 2014-02—Extension of the Current GCF Repo® Service Pilot Program
      • Apr 22, 2014: GOV033-14 - Data Required re: FICC’s Inter-Bank GCF Repo Service
      • Apr 21, 2014: MBS066-14 - Capped Contingency Liquidity Facility (“CCLF”) Test
  • FINRA Updates
    • FINRA Hybrid Securities Proposal
      • Apr 10, 2014: SR-FINRA-2013-039 - Order Granting Approval of a Proposed Rule Change, as Modified by Amendment No. 1, to Clarify How Certain Securities Are Classified and Reported to FINRA; See also Amendment No. 1
    • TRACE Reporting
      • Apr 29, 2014: 1Q 2014 TRACE Fact Book Now Available
      • Apr 28, 2014: Testing BTDS 144A Information
      • Apr 25, 2014: TRACE OTC Corporate Bonds and Agency Debt User Guide
      • Apr 25, 2014: Web API Specification for TRACE Corporate and Agency
    • OATS/Trade Reporting WG
      • May 09, 2014: OATS Reporting Technical Specifications
      • Apr 23, 2014: Changes to Order/Trade Matching Requirements for OTC Equity Securities
    • Pending FINRA Initiatives 
      • Waiting on FINRA to respond to FINRA Rule 4210 - TBA Margining and FINRA CARDS 
    • Additional FINRA Updates
      • May 07, 2014: Regulatory Notice 14-20 - FINRA Revises the Product and Problem Codes Used for Reporting Customer Complaints and Filing Required Documents Online
      • Apr 30, 2014: Regulatory Notice 14-19 - FINRA Requests Comment on a Revised Proposal to Require a Hyperlink to BrokerCheck in Online Retail Communications With the Public - Comment Period Ends June 16, 2014
      • Apr 28, 2014: SR-FINRA-2014-003 - Order Approving a Proposed Rule Change to Amend FINRA’s Corporate Financing Rules to Simplify and Refine the Scope of the Rules
  • Options Updates
    • Apr 25, 2014: 34522 - DDS Changes - Collateral Response for Margin Requirements Haircut - Change is scheduled to be installed on Friday, June 27, 2014
    • Apr 24, 2014: 34518 - Long Tenor Option Modeling Enhancements
    • Apr 24, 2014: 34516 - Stock Loan - Termination Notifications
    • Apr 10, 2014: 34447 - CPM Eligibility Indicator
    • Apr 09, 2014: SR-OCC-2014-07 - Notice of Filing of Proposed Rule Change to Eliminate Preferred Stock and Corporate Bonds as Acceptable Forms of Margin Assets and Make Additional, Conforming, Rule Changes
  • FIF Working Group Updates 
    • Omnibus Account WG
      • May 01, 2014: FIF Omnibus Account WG Response to Additional SEC Questions
    • 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
      • May 09, 2014: FIF CAT WG: Feedback on CAT Reporter Cost Survey
      • May 02, 2014: SROs Announce Members of CAT Development Advisory Group
      • Apr 24, 2014: Qualified CAT Bid List
      • Next Meeting Date: Tuesday, May 20th @ 11 AM ET
    • Large Trader Reporting WG/EBS Subgroup - Sign up for Large Trader Alerts
      • LTR & Options Calculation Discussion
    • Market Stability WG - Sign up for Market Stability Alerts
      • May 05, 2014: A7835 - DTCC Limit Monitoring Email Signup Process
      • Apr 24, 2014: A7824 - DTCC Limit Monitoring MRO Files, Email Functionality & Browser Settings
    • FATCA WG - Sign up for FATCA WG Alerts
      • May 09, 2014: Instructions for Form 1042
      • May 02, 2014: Notice 2014-33 - Further Guidance on the Implementation of FATCA and Related Withholding Provisions
      • FATCA Relevant Links 
    • 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
      • Next Meeting Date: Thursday, June 5th @ 11 AM ET
  • FIF Regulatory Initiatives Tracking Summary
      • TBD: OCC Exercise Restriction Policy
      • TBD: Shortened Settlement Cycle
      • 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 23, 2014: B0695-14 - The original implementation date of April 25th, is being moved to Friday, May 23rd for Settlement Matching Phase 3 – Issued Mar 26, 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
      • Jun 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. Implementation set for June 2014, the exact date to be announced – Issued Jan 30, 2014
      • Jun 2014: B1890-13 - DTCC clients will be required to transition to the new browser known as Corporate Actions Web (CA Web) in June 2014 for PTS/PBS functions supporting distribution events. This browser migration is mandatory for all clients as the legacy functions supporting active distribution events will be retired at that time - Issued Nov 5, 2013
      • Jun 01, 2014: 34-70073 - SEC Adopts Rules to Increase Protections for Investors with Assets Being Held by Broker-Dealers - Issued Jul 31, 2013
      • Jun 19, 2014: A7687 - NSCC will discontinue issuance of Networking Alpha Codes to new members subscribing to Networking services effective July 28, 2014. Effective Thursday, June 19, 2014, participants can begin testing in the Participant Services Environment (PSE) test region - Issued Feb 24, 2014
      • Jun 30, 2014: A7702 - Effective June 30, 2014, NSCC will implement in production Social Code enhancements to Mutual Fund Profile Service II (MFPSII) Profile Security database. Effective June 16, 2014, enhancements will be available in the PSE test region for participant testing – Issued Mar 20, 2014
      • Jun 30, 2014: New Specifications for Bond Trade Dissemination Service for 144A Transactions - Effective June 30, 2014, FINRA will disseminate transactions of corporate bond securities that are effected pursuant to Rule 144A. These transactions will be disseminated via the new BTDS- 144A real-time IP Multicast feed – Issued Mar 12, 2014
      • Jun 30, 2014: MBS045-14 - FICC is in the process of moving ESP to a web-based application that will be located on the DTCC portal. Member testing will begin March 24th, 2014. ESP will be available to members in production June 30th, 2014 – Issued Mar 14, 2014
      • 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
    • FIF Market Share Report
    • FIF Market Dynamics Report
    • Market Share & Market Dynamics Executive Summary
  • Register for June 17 FIF Event: A Constructive Conversation on Market Structure, Sponsored by Equinix
  • Next Meeting Date: Tuesday, June 10th @ 11 AM ET