May 16, 2017 - Back Office Committee Meeting Agenda

Meeting Details  

  • When: Tuesday, May 16, 2017 @ 11 AM ET
  • Where: Please click here to join the meeting.

Meeting Agenda 

  • DTCC Updates
    • DTC Updates
      • May 8, 2017: B5742-17 - MMI Tracking Screen Enhancement
      • May 1, 2017: 5758-17 - Holiday Schedule May 29, 2017: Memorial Day
      • April 19, 2017: 34-80491 - Notice of Filings of Proposed Rule Changes, as Modified by Amendments No. 1, to Adopt the Clearing Agency Policy on Capital Requirements and the Clearing Agency Capital Replenishment Plan
      • April 19, 2017: 34-80489 - Notice of Filings of Proposed Rule Changes, as Modified by Amendments No. 1, to Adopt the Clearing Agency Liquidity Risk Management Framework
      • April 19, 2017: 34-80485 - Notice of Filings of Proposed Rule Changes to Adopt the Clearing Agency Stress Testing Framework (Market Risk)
      • April 13, 2017: 34-80454 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Modify the DTC Rules in Order to Enhance Transparency with Regard to Application Criteria and Participation Requirements for Applicants and Participants
    • FICC Updates
      • May 2017: Update on CCIT (Centrally Cleared Institutional Tri-party) Service– Approved by SEC in early May.
      • April 28, 2017: GOV252-17 - Business Continuity and Disaster Recovery - Testing Dates
      • April 26, 2017: GOV250-17 - Certificate of Incumbency - Member Updates Required
    • NSCC Updates
      • May 1, 2017: a8383 - Obligation Warehouse RECAPS Schedule May 2017
      • May 1, 2017: a8382 - NSCC Accelerated Trade Guarantee Changes for ETF Create/Redeem Processing
      • April 25, 2017: a8379 - Obligation Warehouse RECAPS Process Test
      • April 17, 2017: a8377 - Updated Networking OMNI/SERV Record Layouts Available Online
  • OCC Updates
    • April 28, 2017: SR-OCC-2017-004 - Order Approving Proposed Rule Change Concerning Enhancements to OCC’s Stock Loan Programs.
  • FINRA Updates
    • Financial Exploitation of Seniors
      • March, 2017:  Regulatory Notice 17-11 - SEC approves rules related to the financial exploitation of seniors.
    • CAT
      • May 8, 2017:  SR-FINRA-2017-011 - Proposed Rule Change to Adopt a Fee Schedule to Establish the Fees for Industry Members Related to the National Market System Plan Governing the Consolidated Audit Trail.
      • April 13, 2017: CAT Industry Webcast Presentation & Recording
    • TRACE
      • May 9, 2017:  TRACE for Treasuries FIX Spec Update - FINRA has updated the TRACE for Treasuries FIX Spec to address ongoing client testing feedback.
      • May 4, 2017:  TRACE Workshop Recording -  FINRA staff reviewed relevant rules and regulations, provided a demonstration of new related forms, and discussed testing and other relevant technical information related to TRACE for Treasuries.
      • April 26, 2017: TRACE For Treasuries Specification Updates
    • OATS
      • April 24, 2017: FINRA Guidance on OATS Exchange Route Matching
    • Tick Sized Pilot
      • April 28, 2017: SR-FINRA-2017-010 - Proposed Rule Change to Amend Rule 6191 to Modify the Date of Appendix B Website Data Publication Pursuant to the Regulation NMS Plan to Implement a Tick Sized Pilot Program.
  • SEC
    • May 4, 2017:  Press Release 2017-94 - Jay Clayton sworn in as SEC Chair.
    • May 3, 2017:  Press Releasse 2017-91 - The SEC in conjunction with FINRA will hold their National Compliance Outreach Program for Broker-Dealers on July 27.
  • TMPG
    • April 13, 2017: TMPG Meeting Minutes for their meeting on April 13th. 
  • T+2
    • April 27, 2017:  T+2 Testing Paper, Version 3 - T+2 Testing Approach:  Detailed Testing Framework.
    • April 20, 2017:  Regulatory Notice 17-12 - Regulatory Extension (REX) Update:  Reg T and SEA Rule 15c3-3 Extension of Time Requests Under T-2 Settlement Cycle.
    • April 5, 2017:  Test CUSIPs for T+2 Industry Testing.
  • FIF Working Group Updates: Please click here to Join Working Groups.
    • Consolidated Audit Trail (CAT)
      • May 19, 2017:  The CAT Working Group will be holding a meeting
      • May 11, 2017: CAT Working Group will form a subgroup to discuss issues related to firm designated ID.
      • May 5, 2017:  FIF held a CAT Working Group Meeting
      • 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, May 18 @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
      • May 18, 2017:  FIF will be holding a working group meeting.
      • 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.
    • Cost Basis Working Group
      • The next Cost Basis Working Group meeting will be held on Thursday, June 8th @ 11:00 am ET.
    • Data & Technology
      • Next Meeting:  May 24, 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)

Next Meeting Date: Tuesday, June 20, 2017 @ 11:00 am ET.