August 15, 2017 - Back Office Committee Meeting Agenda

Meeting Details  

  • When: Tuesday, August 15, 2017 @ 11 AM ET
  • Where: Please click here to join the meeting.

Meeting Agenda 

  • DTCC Updates
    • DTC Updates
      • August 3, 2017: SR-DTC-2017-015 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Establish the Effective Date of the Settlement Cycle Rule Changes
      • July 28, 2017: SR-DTC-2017-013 - Notice of Filings of Proposed Rule Changes to Adopt the Clearing Agency Risk Management Framework
      • July 28, 2017: SR-DTC-2017-010 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Modify the DTC Operational Arrangements Necessary for Securities to Become and Remain Eligible for DTC Services in Order to Clarify and Update Provisions Relating to the Processing of Eligibility Requests and Servicing of Assets on Deposit at DTC
      • July 24, 2017: 3677-17 - Enhancements to DTC’s Eligible Securities with Description File (ELISCD) Header
      • July 24, 2017: SR-DTC-2017-004 - Notice of Filing Amendment No. 2, Notice of Filing Amendment No. 3, and Order Instituting Proceedings to Determine Whether to Approve or Disapprove Proposed Rule Changes, as Previously Modified by Amendment No. 1, to Adopt the Clearing Agency Liquidity Risk Management Framework
      • July 24, 2017: SR-DTC-2017-005 - Notice of Filing Amendment No. 1 and Order Instituting Proceedings to Determine Whether to Approve or Disapprove Proposed Rule Changes to Adopt the Clearing Agency Stress Testing Framework (Market Risk)
      • July 13, 2017: B6330-17 - MMI Reorg Presentments Processing
    • FICC Updates
      • August 7, 2017: MBS420-17 - MBSD Operational Novation – Novation Quick Reference Guide.
      • August 4, 2017: MBS418-17 - MBSD Operational Novation – Clearing Eligible Securities List.
      • July 25, 2017: GOV286-17 - Submission of Rule Filing SR-FICC-2017-017 Clearing Agency Operational Risk Management Framework.
    • NSCC Updates
      • August 1, 2017: 8435 - EFFECTIVE DATE OF NEW STOCK OPTIONS AND FUTURES SETTLEMENT AGREEMENT BETWEEN NSCC AND OCC.
      • August 1, 2017: a8436 - Obligation Warehouse RECAPS Schedule August 2017.
      • July 31, 2017: a8434 - NSCC SUBMISSION OF RULE FILING (SR-NSCC-2017-014) – ESTABLISHMENT OF EFFECTIVE DATE FOR T+2 RULE CHANGES.
      • July 29, 2017: a7256- Mutual Funds Networking, ACATS and ACATS-FUND/Serv Enhancements to Assist in Facilitating the Transfer of Cost Basis Information.
  • MSRB Updates
    • July 31, 2017: SEC Approves Amendments to MSRB Rule G-26 on Customer Account Transfers.
    • July 27, 2017: Market Advisory on Issuer’s Designation of Underwriter’s Counsel.
  • OCC
    • August 2, 2017: Implementation of Revised NSCC/OCC Accord.
    • July 20, 2017: OCC Training Sessions.
  • FINRA Updates
    • CAT
      • August 1, 2017: SR-FINRA-2017-020 - Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change to Adopt FINRA Rule 6898 (Consolidated Audit Trail - Fee Dispute Resolution).
      • July 14, 2017: SR-FINRA-2017-013 - Notice of Designation of Longer Period for Commission Action on Proposed Rule Changes to Eliminate Requirements that Will Be Duplicative of CAT.
    • TRACE
      • August 4, 2017: SR-FINRA-2017-021 - Order Approving Proposed Rule Change to Make Available a New TRACE Security Activity Report.
    • Additional FINRA Updates
      • August 1, 2017:  SIPC and FINRA Streamline Reporting Process for Broker-Dealers.
      • July 2017:  Small Firm Cybersecurity Checklist - FINRA created a checklist to assist firms in establishing cybersecurity programs.
  • TMPG
    • June 27, 2017: TMPG Meeting Minutes for their meeting on June 27th.
  • T+2
    • August 9, 2017:  FINRA T+2 Settlement User Acceptance Test
    • August 4, 2017: T+2 Conversion Guide
    • August 2, 2017: ISDA Announcement on 2017 OTC Equity Derivatives Protocol for T+2
    • July 28, 2017: FDIC Announcement on Changes Related to T+2
    • July 26, 2017: NYSE Notice on Changes Relating to T+2
    • July 24, 2017: Webinar Presentation Shortened Settlement Cycle - What You Need to Know
    • July 24, 2017: TMX Notice on Changes to Ex-dividend Procedures
    • July 20 2017: FAQ on Test Environment Setups
  • SEC
    • CAT
      • July 19, 2017: Amended Expansion Report
    • Additional SEC Updates
      • August 8, 2017:  Press Release - SEC Publishes Report on Access to Capital and Market Liquidity.
  • Other Regulatory Updates
    • Department of Labor Fiduciary Rule
      • August 10, 2017:  DOL Seeks Fiduciary Rule Delay - DOL Recommends delay in Fiduciary Rule compliance date from January 1, 2018 to July 1, 2018.
    • Office of the Comptroller of the Currency
      • August 2, 2017:  Press Release:  OCC Solicits Public Comment on Revising the Volcker Rule
  • FIF Working Group Updates: Please click here to Join Working Groups.
    • Consolidated Audit Trail (CAT)
      • CAT Allocations Subgroup and CAT Options Subgroup have been formed
      • August 9, 2017:  FIF held a CAT Working Group meeting
      • August 8, 2017:  FIF's CAT Firm Designated ID Working Group held its last meeting until September
      • July 13, 2017:  FIF participated in Industry Outreach Meeting with Thesys CAT LLC.
      • July 7, 2017: FIF/SIFMA/STA held a joint industry outreach call with Thesys CAT LLC
      • June 22, 2017:  FIF submitted a Comment Letter on the Retirement of Duplicative Systems
      • CAT NMS Plan Website
    • Tick Sized Pilot WG
      • August 31, 2017:  FINRA will begin reporting B.1, B.II, and B.IV data.
      • 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
      • July 12, 2017:  MSRB released FAQs/Guidance on confirms and PMP Calculation 
      • July 12, 2017:  FINRA released FAQs on rule enhancements to Fixed Income Confirmation Disclosures.
    • Cost Basis Working Group
      • The next Cost Basis Working Group meeting will be held on Thursday, September 14 @ 11:00 am ET.
    • Data & Technology
      • Next Meeting:  August 23, 2017 @ 10:30 am ET
    • Retail Execution Quality
      • FIF to add marketable limits to Retail Execution Quality Statistics 
    • FIF Industry Solutions Offering
      • Visit the FIF Industry Solutions Page for the Latest Products & Services from Fellow FIF Members
    • FIF is launching a Reg SCI/Cybersecutiy Best Practices Group.  For further information, please contact the program office at fifinfo@fif.com.
    • FIF will be holding a quarterly meeting, hosted by Morgan Stanley, on September 25, 2017. The Quarterly meeting will focus on the Conslidated Audit Trail.  FIF will disseminate a formal invitation shortly. 
    • 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)