November 15, 2016 Back Office Agenda

Meeting Details  

  • When: Tuesday, Nov 15, 2016 @ 11 AM ET
  • Where: Please click here to join the meeting.

Meeting Agenda 

  • DTCC Updates

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    • DTC Updates
      • Nov 7, 2016:  SR-DTC-2016-011 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Allow DTC to Automate the Process for Participants to Submit Eligibility Requests for the DTC Custody Service.
      • Nov 3, 2016:  B4532-16 - The DTC submitted a proposed rule change (File No. SR-DTC-2016-012) for immediate effectiveness to the SEC relating to the acceptance of eligible affirmed institutional transactions (“Affirmed Transactions”) from an entity providing a matching service (“Matching Utility”).
      • Oct 31, 2016:  B4463-16 - 871(m) Requirements for Equity Linked Instruments seeking DTC Eligibility as of 1/1/2017.
      • Oct 19, 2016: SR-DTC-2016-010-010 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Allow DTC to Automate the Process for Participants to Submit Eligibility Requests for Older Issues.
    • NSCC Updates
      • Nov 8, 2016: a8286 - DOL Fiduciary Rule - Enhancement to DTCC Payments aXis Commission and Fee Settlement, Networking and Retirement Plan Reporting
      • Nov 7, 2016: a8284 - NSCC Proposed Rule Change- T+2.
      • Nov 4, 2016: SR-NSCC-2016-005 - Notice of Filing of Proposed Rule Change to Accelerate its Trade Guaranty, Add New Clearing Fund Components, Enhance its Intraday Risk Management, Provide for Loss Allocation of “Off-the-Market Transactions,” and Make Other Changes.
      • Oct 26, 2016:  a8274 - ACATS Shortened Cycle Enhancements.
    • FICC Updates
      • Nov 1, 2016: GOV-187-16- FICC would like to remind Members that as of November 1, 2016, DTCC Solutions will discontinue publishing the Agency GCF Repo Index.
      • Oct 28, 2016: GOV-185-16 - Notice of Rule Filing Approval for SR-FICC-2016-006 - Description of Existing Margin Changes.
  • T+2 Settlement
    • Oct 28, 2016:  Version 2 - Shortened Settlement (T+2) DTC, NSCC, and Omego Functional Changes.
  • OCC Updates
    • Oct 27, 2016:  SR-OCC-2016-014 - The Options Clearing Corporation; Notice of Filing of Proposed Rule Change Related to Compliance with Section 871(m) of the Internal Revenue Code.
  • TMPG Updates
    • December 19, 2016:  The Treasury Markets Practices Group will be holding their monthy meeting on December 19, 2016 at 4:00 PM.
      • Please see the minutes from the September 27th meeting here and the November 7th meeting here.
  • FINRA Updates

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    • OATS
      • Nov 7, 2016: OATS Technical Specification - Recent updates to OATS Reporting Technical Specifications applicable only to ATSs for orders in NMS stocks went into the Production environment on November 7, 2016.
        • OATS Compliance FAQs - FINRA added three new FAQs related to changes in Special Handling Codes applicable to ATS.'  The additional FAQs are found in questions 107, 108, and 109.
    • TRACE
      • Nov 11, 2016:  TRACE Web API Spec - Update to the TRACE Securitized Products Web API Specification, designed to help firms meet reporting requirements for CMO Transactons outlined in Reg Notice 16-38.
      • Oct 19, 2016:  Regulatory Notice 16-39 - SEC Approves Rule Change to Require Reporting of Transactions in U.S. Treasury Securities to the Trade Reporting and Compliance Engine (TRACE).
      • TRACE Technical Specifications
      • FIF is forming a working group to address the rule changes to TRACE reporting of U.S. Treasury Transactions.  For more information, contact the program office at fifinfo@fif.com.
      • First Meeting Date: Wednesday, November 16 at 3:00 PM ET.
    • Customer Account Information
      • Nov 1, 2016:  SR-FINRA-2016-039 - Notice of Filing of a Proposed Rule Change to Amend Rule 4512 (Customer Account Information) and Adopt FINRA Rule 2165 (Financial Exploitation of Specified Adults).
  • FIF Working Group Updates: Please click here to Join Working Groups.
    • Consolidated Audit Trail (CAT)
      • Nov 15, 2016: Sunshine Act Meeting - The Commission will consider whether to approve a proposed national market system ("NMS") plan to create, implement, and maintain a consolidated audit trail, submitted pursuant to Rule 613 of Regulation NMS.
      • Nov 3, 2016:  SEC Release No. 34-79237 - The SEC is adopting a temporary rule, new Rule 608T that extends to November 15, 2016, the date by which the Commission is required to act on the Consolidated Audit Trail.
      • CAT NMS Plan Website
    • Rule 600/606 - Disclosure of Order Handling Working Group
      • FIF has formed an ad hoc working group to discuss concerns related to proposed rule from the SEC affecting the Disclosure of Order Handling Information.  
        • Nov 7, 2016:  FIF Submitted an Addendumto its Comment Letter submitted on September 26th, which included a proposed combined template.
    • Tick Size Pilot Working Group
      • Nov 2016:  Tick Size Pilot Firm Review Files - Tick Size Pilot Statistics to be published February 2017.
      • FINRA Tick Size Pilot information available here.
      • Buy-Side Tick Size Pilot Guide available here.
    • Market Data Technology
      • Next Meeting Date:  Wednesday, November 16 at 10:30 am ET.
    • FIF Retail Execution Quality Statistics
    • FIF Regulatory Initiatives Tracking Site - (Requires FIF Website Login)
    • FIF Monthly Reports 

 

    • Market Share Report
    • Market Dynamics Report
    • Market Share Executive Summary
    • Market Dynamics Executive Summary
  • Next Meeting Date: Tuesday, Dec 13 @ 11:00 am ET.