March 17, 2016 - FIF Back Office Committee - Meeting Agenda

Meeting Agenda 

  • DTCC Updates
    • DTC Updates
      • Mar 11, 2016: B2778-16 - 2016 Business Continuity Testing
      • Mar 3, 2016: B2727-16 - Holiday Schedule: Good Friday 2016
    • NSCC Updates
      • Mar 16, 2016: A8179 - NSCC Plans to Match RTTM Municipal Bond Trades Based on Interdealer Trade vs. Stepout Designation
      • Mar 11, 2016: A8177 - 2016 Business Continuity Testing
      • Mar 9, 2016: A8176 - Good Friday Holiday Schedule
      • Mar 9, 2016: A8174 - Access to Wealth Management Services Web Portal Applications in the Participant Services Environment
      • Feb 26, 2016: A8169 - Universal Trade Capture Exchange Testing and Implementation for Investors' Exchange, LLC (IEX)
      • Feb 12, 2016: A8166 - Participant Services Environment (PSE) Web Portals for Equities Clearing Change URL
      • Feb 11, 2016: A8164 - ACATS Enhancements 2016
      • Feb 10, 2016: A8163 - Mutual Fund Profile Service II – Profile Security Web and Mainframe Enhancements to Support Money Market Reform
      • Feb 10, 2016: A8162 - ETF Near-Real Time Supplemental File & Enhancements Deployment
    • FICC Updates
      • Mar 11, 2016: GOV122-16 - 2016 Business Continuity Testing
      • Mar 2, 2016: GOV121-16 - FICC Good Friday Holiday Schedule
      • Feb 19, 2016: MBS166-16 - Capped Contingency Liquidity Facility Test - April 25, 2016
  • T+2 Update
    • Mar 8, 2016: FIF T+2 Update - DTCC Presentation
    • Mar 7, 2016: US T+2 ISC Recommends Move to Shorter Settlement Cycle on September 5, 2017
    • Mar 4, 2016: FINRA Reg Notice 16-09 - FINRA Requests Comment on Proposed Amendments to FINRA Rules to Support the Industry Initiative to Shorten the Settlement Cycle for Securities in the U.S. Secondary Market From T+3 to T+2
  • FINRA Updates
    • ATS
      • Mar 1, 2016: SR-FINRA-2016-010 - Proposed Rule Change to Adopt FINRA Rule 4554 (Alternative Trading Systems - Recording and Reporting Requirements of Order and Execution Information for NMS Stocks)
    • Enhanced Price Disclosure
      • Feb 26, 2016: FINRA News Release - FINRA Approves Enhanced Price Disclosure to Retail Investors in Fixed-Income Securities
    • Clock Synchronization 
      • Feb 19, 2016: SR–FINRA–2016–005 - Proposed Rule Change to Reduce the Synchronization Tolerance for Computer Clocks that are Used to Record Events in NMS Securities and OTC Equity Securities
    • TRACE
      • Mar 1, 2016: Updated - TRACE Reporting and Dissemination Changes Effective July 18, 2016
    • OATS
      • Feb 19, 2016: SR-FINRA-2016-006 - Proposed Rule Change to Amend FINRA Rules 7410 (Definitions) and 7440 (Recording of Order Information)
    • Tick Size Pilot
      • FINRA details on Tick Size Pilot available here: http://www.finra.org/industry/tick-size-pilot-program
  • MSRB Updates
    • Mar 14, 2016: SR-MSRB-2016-05 -  Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Revise an Effective Date of Several Previously-Approved Amendments to Rule G-14, on Transaction Reporting
    • Mar 14, 2016: SR-MSRB-2016-04 - Notice of Filing of a Proposed Rule Change Consisting of Proposed Amendments to Rules G-12 and G-15 to Define Regular-Way Settlement for Municipal Securities Transactions as Occurring on a Two-Day Settlement Cycle and Technical Conforming Amendments
    • Mar 8, 2016: SR-MSRB-2016-03 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Consisting of an Amendment to Rule G-33, on Calculations, and an Interpretive Notice
    • Feb 24, 2016: MSRB Publishes Compliance Advisory for Brokers, Dealers and Municipal Securities Dealers
    • Feb 18, 2016: MSRB Publishes Draft Guidance to Support Fair Pricing of Municipal Securities and Dealer Compensation Calculations
    • Feb 18, 2016: MSRB 2016-07 - Request for Comment on Draft Amendments to MSRB Rule G-30 to Provide Guidance on Prevailing Market Price
  • OCC Updates
    • Mar 14, 2016: SR-OCC-2016-004 - Notice of Filing of Proposed Rule Change Related to the Adoption of an Options Exchange Risk Control Standards Policy
    • Feb 23, 2016: OCC Info Memo 38478 - DDS Changes - Stock Loan - Adjusted Positions
    • Feb 23, 2016: OCC Info Memo 38745 - Stock Loan Trade Balancing Update
  • Treasury Updates
    • Fail Charge
      • Feb 25, 2016: TMPG Clarifies When Changes to Reference Rate Used for Fails Charge Take Effect
      • Feb 25, 2016: U.S. Treasury Securities Fails Charge Trading Practice
      • Feb 25, 2016: Agency Debt and Agency Mortgage-Backed Securities Fails Charge Trading Practice
      • Feb 25, 2016: FAQs: TMPG Fails Charges
    • Best Practice Guidance to Address the Use of Financial Benchmarks
      • Feb 24, 2016: TMPG Releases Updated Best Practice Guidance to Address the Use of Financial Benchmarks
      • Feb 24, 2016: Best Practices for Treasury, Agency Debt and Agency Mortgage Backed Securities Markets
      • Feb 24, 2016: Use of Financial Benchmarks in TMPG-Covered Markets: Three Sample Case Studies
    • Meeting Minutes
      • Jan 14, 2016: TMPG Meeting Minutes
  • FIF Working Group Updates - Sign up for any FIF Working Group
    • Tick Size Pilot WG
      • Pre-Pilot Securities published daily by NYSE and historical files 
      • Pre-Pilot Securities and Changes published daily by Nasdaq 
      • Consolidated List and Change Files published daily by FINRA
      • All links to relevant documents and notices tracked by FIF are available at the FIF Tick Size Pilot Initiatives Page
      • Next Meeting Date: Thursday, March 17th @ 1 PM ET
    • Consolidated Audit Trail (CAT) WG
      • Mar 1, 2016: High Level CAT Security Requirements
      • Feb 10, 2016: FIF Response to Dec 23, 2015 Technical Amendments
      • Feb 8, 2016: Clean Version of the 12/23/15 Amended and Restated Consolidated Audit Trail National Market System Plan (CAT NMS Plan) Submission
    • Cost Basis WG
      • Mar 14, 2016: FIF Comment Letter on 26 CFR 1.1275-4 - Contingent Payment Debt Instruments
      • Next Meeting Date: Thursday, April 7th @ 11 AM ET 
  • Retail Execution Quality Statistics
  • FIF Regulatory Initiatives Tracking Summary
  • FIF Monthly Reports
    • FIF Market Share Report
    • FIF Market Dynamics Report
    • Market Share Executive Summary
    • Market Dynamics Executive Summary
  • Next Meeting Date: Tuesday, April 12, 2016 @ 11 AM ET