September 19, 2017 - Back Office Committee Meeting Agenda

Meeting Details  

  • When: Tuesday, September 19, 2017 @ 11:00 am ET
  • Where: Please click here to join the meeting.

Meeting Agenda 

  • DTCC Updates
    • DTC Updates
      • August 25, 2017: SR-DTC-2017-008 - Order Approving Proposed Rule Changes to Adopt the Clearing Agency Model Risk Management Framework
      • August 21, 2017: 6441-17 - MMI Finality Through Optimization -Staging Area Screen Enhancement for Broker/Dealer and Custodians
    • FICC Updates
      • September 11, 2017: MBS449-17 - Electronic Pool Notification Deadline Extension
      • August 29, 2017: GOV300-17 - Submission of Rule Filing SR-FICC-2017-020 Clearing Agency Securities Valuation Framework
      • August 28, 2017: GOV301-17 - Approval of Rule Filing SR-FICC-2017-014 Clearing Agency Model Risk Management Framework
      • August 23, 2017: GOV298-17 - Submission of Rule Filing (SR-FICC-2017-019) – Interpretive Guidance with Respect to Watch List Consequences
      • August 15, 2017: MBS424-17 - MBSD Operational Novation – TBA CUSIP Eligibility
      • August 11, 2017: MBS423-17 - MBSD Operational Novation – MRO Delay
    • NSCC Updates
      • September 7, 2017: SR-NSCC-2017-010 - Order Approving Proposed Rule Change to Expand the Application of the Family-Issued Securities Charge
      • September 1, 2017: A8450 - YEAR 2017 OBLIGATION WAREHOUSE RECAPS SCHEDULE
      • September 1, 2017: A8452 - New York State Stock Transfer Tax Rebate Program
      • August 29, 2017: a8447 - NSCC PROPOSED RULE CHANGE FILING – CLEARING AGENCY SECURITIES VALUATION FRAMEWORK (SR-NSCC-2017-016)
      • August 28, 2017: a8448 - APPROVAL OF NSCC PROPOSED RULE CHANGE – CLEARING AGENCY MODEL RISK MANAGEMENT FRAMEWORK (SR-NSCC-2017-008)
      • August 25, 2017: SR-NSCC-2017-008 - Order Approving Proposed Rule Changes to Adopt the Clearing Agency Model Risk Management Framework
      • August 18, 2017: SR-NSCC-2017-015 - Notice of Filing of Proposed Rule Change to Amend and Clarify a Margin Charge Relating to CNS Fails Position
      • August 14, 2017: a8440 - I&RS 2017 September Enhancement Release
      • August 11, 2017: a8443 - NSCC SUBMISSION OF RULE FILING (SR-NSCC-2017-015) – CNS FAILS CHARGE
  • MSRB Updates
    • August 30, 2017: Proposed amendments to MSRB Rule G-34, on obtaining CUSIP numbers, which aim to clarify existing requirements and improve market consistency.
    • August 22, 2017: Request for Comment on Draft Amendments to MSRB Form G-45 under Rule G-45, on Reporting of Information on Municipal Fund Securities
    • August 21, 2017: SEC Approves Amendments to the MSRB’s Rule on Municipal Fund Security Product Advertisements
  • LULD
    • August 14, 2017: LULD Plan Amendment 12 (Reopening after Trading Pause) - Limit Up / Limit Down (LULD) Plan Participants have amended the LULD Plan via LULD Amendment 12 to eliminate the current allowance for a trading center to resume trading in an NMS Stock following a Trading Pause if the Primary Listing Exchange has not reported a Reopening Price within ten minutes after the declaration of a Trading Pause and has not declared a Regulatory Halt
  • OCC
    • August 22, 2017: Escrow Deposit Program
    • August 16, 2017: New Listings Report Enhancement
  • SRO Updates
    • August 30, 2017: SR-FINRA-2017-013 -  Order Instituting Proceedings to Determine Whether to Approve or Disapprove the Proposed Rule Changes, as Modified by Amendments Thereto, to Eliminate Requirements That Will Be Duplicative of CAT.
  • FINRA Updates
    • TRACE
      • August 16, 2017: Transparency Services Forms Updates
    • Additional FINRA Updates
      • August 24, 2017: SR-FINRA-2017-028 - Proposed Rule Change to Implement a New Electronic Form 211
      • August 17, 2017: SR-FINRA-2017-026 - Rule change to address the application of FINRA Rule 11140 (Transactions in Securities “Ex-Dividend,” “Ex-Rights” or “Ex-Warrants”) as it relates to establishing ex-dividend dates in connection with the implementation of the T+2 settlement cycle on September 5, 2017
  • TMPG
    • June 27, 2017: TMPG Meeting Minutes for their meeting on June 27th.
  • T+2
    • August 30, 2017: SEC T+2 Guidance on Reg SHO
    • August 29, 2017: Quick Tips: Using CA Web for information on Corporate Action events during the T+2 Conversion period
    • August 24, 2017: SEC Investor Bulletin on T+2 - What Investors Need to Know
    • August 22, 2017: Office of the Comptroller of the Currency Notice on Changes Related to T+2
    • August 22, 2017: T+2 Product Scope Clarifications
    • August 18, 2017: T+2 Equity Settlement Cycle Conversion
    • August 17, 2017: SR-FINRA-2017-026 - Proposed Rule Change to Clarify Application of FINRA Rule 11140 (Transactions in Securities “Ex-Dividend,” “Ex-Rights” or “Ex-Warrants) in Connection with the Implementation of the Shortened Settlement Cycle (T+2) on September 5, 2017
  • FIF Working Group Updates: Please click here to Join Working Groups.
    • Consolidated Audit Trail (CAT)
      • September 19, 2017:  FIF to hold a working group meeting on response to SEC notice on whether to approve SRO retirement plans.
      • September 13/18, 2017:  FIF held a working group meeting on review of CAT Industry Member Specification
      • September 7, 2017:  Thesys CAT LLC released first draft of Industry Member Technical Specification
      • September 7, 2017:  FIF participated in Industry Outreach Meeting with Thesys CAT LLC.
      • September 5, 2017:  FIF held joint Allocations/Options Subgroup Meeting
      • August 8, 2017:  FIF's CAT Firm Designated ID Working Group held its last meeting until September
      • July 7, 2017: FIF/SIFMA/STA held a joint industry outreach call with Thesys CAT LLC
      • CAT NMS Plan Website
    • Tick Sized Pilot WG
      • August 28, 2017:  FINRA will begin reporting B.1, B.II, and B.IV data.
    • MSRB Rule G-34 Meeting on changes to CUSIP Requirements
      • September 12, 2017:  FIF held a call on the review of proposed changes to MSRB Rule G-34 affecting municpal dealers acting as a placement agent.
    • Large Trader Rule Phase 3
      • September 15, 2017:  FIF team met with SEC staff regarding Nov 1, 2017 LTR Phase 3 Compliance Date.
      • September 13, 2017:  FIF submitted a comment letter to the SEC reitering our position that LTR Phase 3 should be eliminated or, alternatively,the compliance date should postponed for three years to November 1, 2020.
    • Mark-Up/Mark-Down WG
      • July 12, 2017:  MSRB released FAQs/Guidanceon 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, October 5 @ 11:00 am ET.
    • Data & Technology
      • Next Meeting:  September 20, 2017 @ 10:30 am ET
    • Retail Execution Quality
      • FIF to add marketable limits to Retail Execution Quality Statistics 
    • Reg SCI Working Group
      • Next Meeting, September 28th @ 3:00 PM ET.
    • FIF Industry Solutions Offering
      • Visit the FIF Industry Solutions Page for the Latest Products & Services from Fellow FIF Members
    • FIF has launched a Reg SCI/Cybersecurity 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 Consolidated Audit Trail.
    • 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, October 17, 2017 @ 11:00 am ET. 

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