July 12, 2016 Back Office Committee - Meeting Agenda

Meeting Agenda 

 

  • DTCC Updates
    • DTC Updates
      • Jul 5, 2016: B3755-16  - Retirement of Settlement Functionality
      • Jul 1, 2016: B3706-16 - Matching Utilities - On Nov. 24, 2015 the SEC approved applications for exemption from registrating as a clearing agency by Bloomberg and SS&C Technologies, Inc. 
      • Jun 22, 2016: B3639-16 - New Dates Added for Q&A Review Session Covering Redemptions Functionality of Corporate Actions Web (CA Web).
      • Jun 13, 2016: B3575-16 - DTCC will be converting its ISO20022 Corporate Action Messaging to the SWIFT SR2016 version on November 20, 2016.
    • FICC Updates
      • Jul 5, 2016:  SR-FICC 2016-003 - Update regarding proposed rule change relating to the blackout period exposure charge that may be imposed on GSD's GCF Repo Participants. On June 30th, the SEC rejected the rule filing.
      • Jul 5, 2016: SR-FICC-2016-002 - Notice of FICC Rule Filing Approval - SR-FICC-0216-002 - Suspension of the Interbank Service of GSD's GCF Repo Service.
    • NSCC Updates
      • Jun 30, 2016: A8220 - Retirement of Unlisted Trading Privileges Processing
      • Jun 23, 2016: A8218 - Testing and Production Dates for NSCC Plan to Match Real Time Trade Matching Muni Bond Trades.
      • Jun 23, 2016:  A8216 New Consolidated Trade Summary File Formats Will Replace Legacy Reports.
      • Jun 16, 2016: A8213 - NSCC Business Continuty and Disaster Recovery Testing Updates
      • Jun 16, 2016: A8212- MPIDs to Become Matching Fields in Q1 2017 for Corporate Bond and UIT Trades in NSCC's Corporate Bond, Municipal Bond & UIT Real Time Trade Matching System.
  • T+2 Settlement
    • Jul 8, 2016:  Statement Regarding the Delay in Proposing to Shorten the Trade Settlement Cycle
    • Jun 18, 2016: T+2 Settlement Timeline - ISC Releases White Paper Addressing T+2 Settlement.
  • FINRA Updates
    • Clock Synchronization
      • July 2016:  Regulatory Notice 16-23 - SEC Approves Rule Change to Reduce Clock Synchronization Tolerance for Computer Clocks Used to Record Events in NMS Securities and OTC Equity Securities.
    • FINRA Rule 3210
      • Jun 30, 2016:Regulatory Notice 16-22 - SEC Approves Consolidated FINRA Rule 3210
    • TRACE
      • Exemptive Letters - Check here to identify which ATSs that have been approved by FINRA to be exempted from TRACE Reporting.
      • Jun 27, 2016: SR-FINRA-2016-023 - Proposed Rule Change to Amend the FINRA Rule 6700 Series and the Trace Dissemination Protocols to Provide for the Dissemination of CMO Transactions.
      • May 16, 2016:  Statement on Trade Reporting in the U.S. Treasury Market
    • Margin
      • Jun 15, 2016: SR-FINRA-2016-020 - FINRA is Filing with the SEC a Proposed Rule Change to Amend FINRA Rule 4240 (Margin Requirements for Credit Default Swaps) to Extend to July 18, 2017 the Implementation of FINRA Rule 4240.
  • OCC Updates
    • Aug 1, 2016:  BATS Regulatory Fee Schedule Update - Bats will make Regulatory Fee Changes on BZX and EDGX Options Exchanges, Pending Filing with the SEC.
    • Jun 24, 2016: SR-OCC-2016-003-  Notice of Filing and Immediate Effectiveness of Proposed Rule Change Related to the Acceptance of Pass-Through Letters of Credit as a Form of Margin Asset.
    • Jun 13, 2016: SR-OCC-2016-004 -  Order Instituting Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change Related to the Adoption of an Options Exchange Risk Control Standards Policy.
  • Treasury Updates
    • Jun 29, 2016: TMPG Revises U.S. Treasury and Agency Debt Securities Fails Charge Trading Practices
  • FIF Working Group Updates - Sign up for any FIF Working Group
    • FIF IRS Rule 871(m) WG
      • Next Meeting Date: Tuesday, July 19th @ 3 PM ET
    • Consolidated Audit Trail (CAT) WG
      • July 12, 2016:  FIF Draft of CAT Comment Letter
      • May18, 2016:SEC Notice of Filing of the CAT NMS Plan and Request for Comment
      • CAT NMS Plan Website
    • Tick Size Pilot WG
      • June 30, 2016:  Updates FAQs for Tick Size Pilot available here - New Version Includes Examples of Trade-At Block Size Exceptions
      • FINRA Tick Size Pilot information available here
      • All links to relevant documents and notices tracked by FIF are available at the FIF Tick Size Pilot Initiatives Page
    • LOPR WG
      • July 1, 2016: FIF Questions to FINRA Regarding LOPR Requirements
      • Next Meeting Date: TBA
    • Cost Basis WG
      • Next Meeting Date: Thursday, August 4th @ 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, August 9, 2016 @ 11 AM ET