November 21, 2017 - Back Office Committee Meeting Agenda

Meeting Agenda 

  • DTCC Updates
    • DTC Updates
      • November 14, 2017 - SR-DTC-2017-023 - Timeframe for Post-Payable Adjustments for Credits
      • November 2, 2017: SR-DTC-2017-016 - Order Approving Proposed Rule Changes to Adopt the Clearing Agency Securities Valuation Framework
      • October 31, 2017: SR-DTC-2017-020 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Establish a Special Segregation Account for a Participant or Pledgee that is a Derivatives Clearing Organization or Futures Commission Merchant
      • October 24, 2017: 7142-17 - Retirement of Settlement Functionality
      • October 19, 2017: B7136-17 - Legal Notice System Update for Notice Submitters
      • October 13, 2017: 7066-17 - Consolidation of Forms for Redemption Presentations
      • October 11, 2017: SR-DTC-2017-019 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Eliminate a Surcharge for Eligibility Requests Submitted to DTC Two Days Prior to Closing Date
    • FICC Updates
      • October 26, 2017: GOV327-17 - FICC Thanksgiving Day Holiday Schedule
      • October 16, 2017: GOV317-17 - Foreign affiliate trading reporting requirement – Reminder
    • NSCC Updates
      • October 11, 2017: a8463 - NSCC FUND/SERV SECURITY ISSUE ID AND MEMBER PROFILE MODIFY FORMS TO BE DECOMMISSIONED FROM DTCC WEBSITE
  • OCC
    • November 3, 2017: SR-OCC-2017-008 - Notice of Filing of Proposed Rule Change Related to The Options Clearing Corporation's Collateral Risk Management Policy
    • October 26, 2017: SR-OCC-2017-017 - Notice of Filing of Proposed Rule Change Concerning Liquidity for Same Day Settlement
    • October 26, 2017: SR-OCC-2017-009 - Notice of Filing of Proposed Rule Change Related to The Options Clearing Corporation's Counterparty Credit Risk Management Policy
    • October 19, 2017: SR-OCC-2017-005 - Notice of Filing of Proposed Rule Change Related to a Comprehensive Risk Management Framework
    • October 11, 2017: Collateral Substitution Processing
  • FINRA Updates
    • TRACE
      • November 3, 2017: Regulatory Notice 17-36 - SEC Approves Rule Amendment to Create a New TRACE Security Activity Report and End-of-Day TRACE Transaction File.
      • October 30, 2017: SR-FINRA-2017-032 - Proposed Rule Change to Make Permanent the TRACE Exemption in FINRA Rule 6730(e)(4).
    • Additional FINRA Updates
      • 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.
  • SROs
    • November 13, 2017 - SRO Exemptive Relief Request - Request for Exemptive Relief from Certain Provisions of the CAT NMS Plan
  • SEC
    • November 9, 2017 - Press Release 2017-209 - SEC Announces Fixed Income Market Structure Advisory Committee 
    • November 9, 2017 - SEC Release No . 34-82049- Notice of Designation of Longer Period for Commission Action on Proceedings to Determine Whether to Approve or Disapprove Proposed Rule Changes to Establish Fees for Industry Members to Fund the Consolidated Audit Trail.
    • October 24, 2017: 33-10428 - Covered Securities Pursuant to Section 18 of the Securities Act of 1933
  • TMPG
    • November 7, 2017: TMPG Meeting Agenda for their meeting on November 7th.
  • DOL Fiduciary Rule
    • Update on DOL Fiduciary Rule
  • FIF Working Group Updates: Please click here to Join Working Groups.
    • Consolidated Audit Trail (CAT)
      • November 17, 2017:  FIF held a CAT Working Group meeting.
      • November 13, 2017 - SRO Exemptive Relief Request - Request for Exemptive Relief from Certain Provisions of the CAT NMS Plan
        • November 15, 2017:  Chairman Clayton rejects request to delay implementation date of CAT
      • November 1, 2017: FIF held a CAT Working Group meeting
      • 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

·        

    • Mark-Up/Mark-Down WG
      • November 13, 2017: FIF met with the SEC, MSRB and FINRA regarding a potential delay in the implementation date of MSRB Rule G-15/G-30 and FINRA Rule 2232.
      • November 6, 2017: FIF held a Mark-Up/Mark-Down Working Group Meeting on Possible Extension of MSRB Rule G-15/G-30 and FINRA Rule 2232 Implementation Date
      • 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, December 7 @ 11:00 am ET.
    • LULD
      • November 16, 2017 - Update on status of LULD rule changes to reflect Amendment 12 of the LULD NMS Plan.
      • FIF held a LULD Working Group call regarding the Amendments to FINRA Rule 6121 on October 6
    • Data & Technology
      • Next Meeting: November 22, 2017 @ 10:30 am ET
    • Retail Execution Quality
      • FIF to add marketable limits to Retail Execution Quality Statistics 
    • Reg SCI Working Group
      • Next Meeting, November 30 @ 3:00 PM ET.
    • FIF held our year end event on November 20, 2017 at Societe Generale.  The panel discussion focused on key considerations of Cloud Technology.
    • FIF is excited to announce that MUFG Securities has joined FIF as our newest member.
    • 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, December 12, 2017 @ 11:00 am ET. 

 

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