April 11, 2017 - Back Office Committee Meeting Agenda

Meeting Details  

  • When: Tuesday, April 11, 2017 @ 11 AM ET
  • Where: Please click here to join the meeting.

Meeting Agenda 

  • DTCC Updates
    • DTC Updates
      • March 30, 2017: B5642-17 - 2017 Business Continuity Testing.
      • March 27, 2017: B5448-17 - Corporate Actions Web Enhancements to be Deployed on April 6, 2017.
      • March 20, 2017: SR-DTC-2017-001 - Notice of Filing of Proposed Rule Change to Establish a Sub-Account for Use with the DTCC Euroclear Global Collateral Ltd Collateral Management Service and Provide for the Authorization of a Representative to Receive Information About the Sub-Account
    • NSCC Updates
      • April 4, 2017: a8369 - Market Participant IDs to Become Matching Fields on April 7, 2017 for Corporate Bond and UIT Trades in NSCC's Corporate Bond, Municipal Bond, & UIT Real Time Trade Matching System.
      • April 3, 2017: a8366 - ACATS Pier Report Decommission.
      • March 31, 2017: a8364 - Accelerated Trade Guaranty - Go Live - April 24, 2017.
      • March 20, 2017: a8353 - Good Friday Holiday Schedule.
      • March 17, 2017:  Proposed Changes to the NSCC/OCC Accord.
      • March 15, 2017: a8351 - ACATS Shortened Cycle Enhancements Scope and Schedule Change.
  • OCC Updates
    • March 27, 2017:  Encore Security Update
    • March 21, 2017:  On-Demand Position (ODP) File Enhancement
  • FINRA Updates
    • TRACE
      • April 3, 2017:  Trade Reporting Notice 04-03-2017 - FINRA member firms that have an obligation to report over-the-counter secondary market transactions in eligible equity and fixed income securities must submit their transaction reports to the appropriate FINRA facility and are required to complete a participant application agreement before they are given access to the facility.
      • March 17, 2017: Additional TRACE and ORF CTCI Validation Required on Trade Cancels
      • March 15, 2017: Reminder—TRACE TRAQS Enhancements
    • CAT
      • March 15, 2017:  34-80255 - Financial Industry Regulatory Authority, Inc.; Order Approving Proposed Rule Change to Adopt the FINRA Rule 6800 Series (Consolidated Audit Trail Compliance Rule).
  • T+2
    • March 28, 2017:  MSRB Announces Date of Transition to a Two-Day Settlement Cycle for Municipal Securities Transactions.
    • March 22, 2017: 34-80295 - Amendment to Securities Transaction Settlement Cycle
    • March 22, 2017:  Financial Services Industry Commends SEC on Final Rule to Facilitate a Shorter Settlement Cycle.
    • March 21, 2017:  Corporate Action Test Event for Cycles 4 through 8.
    • March 17, 2017:  T+2 Changes to Omgeo's Prime Broker Disaffirmation Cutoff.
  • TMPG
    • Feb 28, 2017: TMPG Meeting Minutes for their meeting on February 28th.
  • DOL Fiduciary Rule
    • March 29, 2017:  Department of Labor Delays DOL Fiduciary Rule Implementation 
  • Member Submitted Questions
    • Member question on Rule 10b-10
    • Member question on Short Interest Reporting
  • FIF Working Group Updates: Please click here to Join Working Groups.
    • Consolidated Audit Trail (CAT)
      • April 6, 2017:  FIF held a CAT Working Group Meeting
      • April 4, 2017:  CAT NMS, LLC Operating Committee with be hosting at CAT webcast on Thursday, April 13, 2017 at 4:15 PM.  To register for the webcast, please click here.
      • March 2, 2017: FIF submitted a comment letter to the SEC addressing various clock synchronization issues related to CAT and FINRA Rule 4590
      • Feb 3, 2017:  FIF submitted a comment letter to the SEC requesting permanent relief with respect to the current November 1, 2017 compliance data for Phase Three of Rule 13h-1.
      • Next FIF CAT meeting will be held on Wednesday, April 20th @10:00 am ET.
      • CAT NMS Plan Website
    • Tick Sized Pilot WG
      • April 5, 2017:  FIF submitted a comment letter on proposed methodology of B.I, B.II, and B.IV data.
      • FIF held a WG call on March 8th to discuss FINRA's proposed masking methodology of B.I, B.II, and B.IV data.
    • Mark-Up/Mark-Down WG
      • March 29, 2017:  FIF held a Mark-Up/Mark-Down working group meeting to discuss various implementation issues
      • FIF held a joint session with MSRB on March 29th regarding FINRA Rule 2232/MSRB Rule G-15/G-30 (Mark-Up/Mark-Down). The discussion focused on implementation concerns.
    • TRACE for Treasuries
      • FIF will be holding working group meetings to address implementation concerns pursuant to new TRACE for Treasuries rules.
    • Cost Basis Working Group
      • The next Cost Basis Working Group meeting will be held on Thursday, May 4th @ 11:00 am ET.
    • Data & Technology
      • Next Meeting:  April 26, 2017 @ 10:30 am ET
    • FIF Retail Execution Quality Statistics
    • FIF Regulatory Initiatives Tracking Site - (Requires FIF Website Login)
    • FIF Monthly Reports
      • Market Data Capacity Statistics – (Requires FIF Website Login)

Join us on April 20th for our Quarterly Event Sponsored by Thomson Reuters and Hewlett Packard Enterprises. The event will be on "Next Generation Technologies & Financial Services: How AI, Machine Learning and Evolving Technology Will Affect and Influence the Industry" 

Next Meeting Date: Tuesday, May 16, 2017 @ 11:00 am ET.