October 17, 2017 - Back Office Committee Meeting Agenda

Meeting Details  

  • When: Tuesday, October 17, 2017 @ 11:00 am ET
  • Where: Please click here to join the meeting.

Meeting Agenda 

  • DTCC Updates
    • DTC Updates
      • October 6, 2017: 6504-17 - Changes to DTC Deliver Order Input Functionality for Institutional Trades Settled Through DTC
      • October 3, 2017: 6136-17 - Settlement Web Update
      • September 28, 2017: 6968-17 - Going Live With ISO20022 Corporate Action Messaging for Reorganization Events
      • September 14, 2017: 6687-17 - DTC Will Convert its ISO20022 Corporate Action Messaging to the SWIFT SR2017 Version on November 19, 2017
    • FICC Updates
      • September 28, 2017: MBS455-17 - MBSD Operational Novation Client Call Recap
      • September 20, 2017: MBS451-17 - MBSD Operational Novation – TBA CUSIP Eligibility
    • NSCC Updates
      • October 2, 2017: a8460 - Obligation Warehouse RECAPS Schedule October 2017
      • October 2, 2017: a8461 - Obligation Warehouse RECAPS Schedule 2018
      • September 29, 2017: 34-81774 - Order Approving Proposed Rule Change to Amend and Clarify a Margin Charge Relating to CNS Fails Positions
      • September 19, 2017: a8449 - EXPANDING APPLICATION OF FAMILY-ISSUED SECURITIES MARGIN CHARGE – ANNOUNCEMENT OF NSCC’S UPCOMING PARALLEL PERIOD
  • MSRB Updates
    • September 14, 2017: Request for Comment on a Concept Proposal Regarding Amendments to Primary Offering Practices of Brokers, Dealers and Municipal Securities Dealers
    • September 13, 2017: SR-MSRB-2017-06 - Notice of Filing of a Proposed Rule Change to Amend MSRB Rule G-34, on CUSIP Numbers, New Issue, and Market Information Requirements
  • OCC
    • October 4, 2017: OCC Training Sessions
    • September 18, 2017: Encore Security Change
  • FINRA Updates
    • Additional FINRA Updates
      • October 5, 2017: Regulatory Notice 17-31 - FINRA Amends Section 13 of Schedule A to the FINRA By-Laws to Establish Charges for New Option to File Websites and Web Pages in Native Format.
      • October 5, 2017: Regulatory Notice 17-30 - SEC Approves Consolidated FINRA Registration Rules, Restructured Representative-Level Qualification Examinations and Changes to Continuing Education Requirements.
      • September 29, 2017: Regulatory Notice 17-28 - FINRA Makes Available Frequently Asked Questions and Guidance and Extends Effective Date of Margin Requirements for Covered Agency Transactions.
      • September 29, 2017: SR-FINRA-2017-031 - Proposed Rule Change to Amend FINRA Rule 6121 to Reflect Recent Amendments to the Regulation NMS Plan to Address Extraordinary Market Volatility.
      • September 19, 2017: SR-FINRA-2017-029 - Proposed Rule Change to Delay the Implementation Date of Certain Amendments to FINRA Rule 4210 (Margin Requirements) Approved Pursuant to SR-FINRA-2015-036.
      • March, 2017:  Reg Notice 17-11 - SEC approves new rule 2165 and amendments to rule 4512 regarding Financial Exploitation of Seniors.
  • SEC
    • Septebmer 13, 2017: SEC Release No 33-10413 - Adoption of Updated EDGAR Filer Manual.
  • TMPG
    • September 26, 2017: TMPG Meeting Minutes for their meeting on September 26th.
  • IRS
    • September 25, 2017:  IRS Notice 2017-46 - Revised Guidance Related to Obtaining and Reporting Taxpayer Identification Numbers and Dates of Birth by Financial Institutions.
  • DOL Fiduciary Rule
    • Update - House Financial Services Committee voted on Oct 12 to kill the DOL Fiducary Rule and replace it with Investment Advice regulation to be written by the SEC.
  • FIF Working Group Updates: Please click here to Join Working Groups.
    • Consolidated Audit Trail (CAT)
      • October 16, 2017:  FIF submitted comments to Thesys CAT on Industry Member Specification.
      • October 13, 2017:  FIF held a working group meeting on review of CAT Industry Member Specification.
      • September 29, 2017:  FIF submitted a comment letter to the SEC on SRO Retirement Plans.
      • September 25, 2017:  FIF submitted a comment letter to Thesys CAT on Industry Member Specification .
      • September 25, 2017:  FIF held an outreach session with Thesys, covering new order events.
      • 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.
      • CAT NMS Plan Website
    • 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/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, October 12 @ 11:00 am ET.
    • LULD
      • FIF held a LULD Working Group call regarding the Amendments to FINRA Rule 6121 on October 6
    • Data & Technology
      • Next Meeting: October 25, 2017 @ 10:30 am ET
    • Retail Execution Quality
      • FIF to add marketable limits to Retail Execution Quality Statistics 
    • Reg SCI Working Group
      • Next Meeting, October 26 @ 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 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, November 21, 2017 @ 11:00 am ET. 

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