December 8, 2015 - FIF Back Office Committee - Meeting Agenda

Meeting Agenda 

  • DTCC Updates
    • DTC Updates
      • Dec 4, 2015: B2114-15 - Shareholder Demand and Dissent Process Change
      • Nov 18, 2015: B2100-15 - Rule Filing SR-DTC-2015-011 – Proposed Settling Bank Passive Acknowledgment of Net-Net Settlement Balances
    • FICC Updates
      • Nov 16, 2015: GOV091-15 - Launch Date for GSD Settlement Optimization Initiative
    • NSCC Updates
      • Dec 7, 2015: A8129 - ETF Near-Real Time Supplemental File & Enhancements
      • Dec 2, 2015: A8127 - National Stock Exchange Re-Launch
      • Dec 1, 2015: A8123 - March 11, 2016 - Implementation Date for NSCC Settlement Eligibility of T+1 Settlement Cycle CMU RTTM Trades
      • Nov 20, 2015: A8119 - Approval of Rule Filing (SR-NSCC-2015-004) - Real Time Trade Submission Through Correspondent Clearing
      • Nov 20, 2015: A8118 - Enhancements to Smart/Track for CNS Corporate Actions
  • FINRA Updates
    • TRACE "No Remuneration" Indicator
      • Nov 23, 2015: Regulatory Notice 15-47 - SEC Approves Amendments to Require Firms to Add a No-Remuneration Indicator in TRACE Trade Report 
      • Nov 20, 2015: Summary of No Remuneration Reporting
      • Oct 22, 2015: SR-FINRA-2015-026 - Order Granting Accelerated Approval to a Proposed Rule Change, as Modified by Amendment No. 1, To Require an Indicator When a TRACE Report Does Not Reflect a Commission or Mark-up/Mark-down
    • Guidance on Best Execution Obligations
      • Nov 20, 2015: Regulatory Notice 15-46 - Guidance on Best Execution Obligations in Equity, Options and Fixed Income Markets
    • Rule 6433 (Minimum Quotation Size Requirements for OTC Equity Securities)
      • Nov 23, 2015: SR-FINRA-2015-051 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Extend the Tier Size Pilot of FINRA Rule 6433 (Minimum Quotation Size Requirements for OTC Equity Securities)
    • ATS Transparency
      • Nov 25, 2015: FINRA Regulatory Notice 15-48 - SEC Approves Amendments to Publish OTC Equity Volume Executed Outside Alternative Trading Systems
    • Other FINRA Updates
      • Dec 7, 2015: Regulatory Notice 15-50 - SEC Approves Rule Requiring Members’ Websites to Include a Readily Apparent Reference and Hyperlink to BrokerCheck
  • TRACE/MSRB - Proposal to Require to Require Confirmation Disclosure with Retail Customers
    • Oct 13, 2015: FINRA Reg Notice 15-36 - FINRA Requests Comment on a Revised Proposal Requiring Confirmation Disclosure of Pricing Information in Corporate and Agency Debt Securities Transactions
    • Sept 24, 2015: MSRB 2015-16 - Request for Comment on Draft Rule Amendments to Require Confirmation Disclosure of Mark-ups for Specified Principal Transactions with Retail Customers
    • Draft Comment Letter Under Discussion - Next Meeting Date: Tuesday, Dec 8th @ 4 PM ET
  • MSRB Best Execution for Municipal Transactions
    • Nov 20, 2015: MSRB 2015-23 - MSRB Provides Implementation Guidance on MSRB Rule G-18, on Best Execution
    • Nov 20, 2015: Implementation Guidance on MSRB Rule G-18, on Best Execution
  • Cybersecurity
    • Nov 13, 2015: Webinar: Cybersecurity Considerations for Small Firms (Video Recording)
    • Oct 14, 2015: Navigating the Digital Age: The Definitive Cybersecurity Guide for Directors and Officers
    • Sept 15, 2015: OCIE’s 2015 Cybersecurity Examination Initiative
  • SEC Regulation of NMS Stock Alternative Trading Systems
    • Nov 18, 2015: SEC 34-76474 - Proposal to Amend Regulation ATS
  • Treasury Updates
    • Dec 3, 2015: TMPG Seeks Comment on Proposed Best Practice Guidance for the Use of Financial Benchmarks
    • Nov 2, 2015: Meeting Minutes
  • FINRA Fixed Income Report Cards
    • Dec 3, 2015: Fixed Income Report Cards Demo - Recording of Oct 22, 2015 Webinar
  • T+2 Shortened Settlement Cycle
  • FIF Working Group Updates - Sign up for any FIF Working Group FIF Retail Execution Quality Statistics
    • Consolidated Audit Trail (CAT) WG
      • Nov 23, 2015: Summary of the Consolidated Audit Trail Initiative
    • Tick Size Pilot WG
      • Next Meeting Date: Thursday, Dec 10th @ 1 PM ET
    • Cost Basis WG
      • Next Meeting Date: Thursday, Jan 7th @ 11 AM ET
  • FIF Retail Execution Quality Statistics
  • FIF Regulatory Initiatives Tracking Summary
  • FIF Monthly Reports
    Next Meeting Date: Tuesday, January 12, 2015 @ 11 AM ET
    • FIF Market Share Report
    • FIF Market Dynamics Report
    • Market Share Executive Summary
    • Market Dynamics Executive Summary