January 16, 2018 - Back Office Committee Meeting Agenda

Meeting Details  

  • When: Tuesday, January 16, 2018 @ 11:00 am ET

Meeting Agenda 

  • DTCC Updates
    • DTC Updates
      • January 2, 2018: 34-82432 - Notice of Filing of a Proposed Rule Change to Adopt a Recovery & Wind-down Plan and Related Rules
      • December 27, 2017: B7504-17 - DTC Rule Filing SR-DTC-2017-024 (Intra-month Collection of Required Participants Fund Deposits)
      • December 21, 2017: 7493-17 - Rule Filing SR-DTC-2017-023 – Timeframe for Post-Payable Adjustments for Credits
      • December 21, 2017: 34-82377 - Notice of Filing of Amendment No. 4, Notice of Filing Amendment No. 5, Notice of Filing Amendment No. 6, and Order Granting Accelerated Approval of Proposed Rule Changes, as modified by Amendment Nos. 1, 3 and 6, to Adopt the Clearing Agency Liquidity Risk Management Framework
      • December 19, 2017: 34-82368 - Notice of Filing of Amendments No. 2 and Order Granting Accelerated Approval of Proposed Rule Changes, as Modified by Amendments Nos. 1 and 2, to Adopt the Clearing Agency Stress Testing Framework (Market Risk)
      • December 18, 2018: 7474-17 - Enhancements to the Loss Allocation Rules (SR-DTC-2017-022 and SR-DTC-2017-804)
      • December 15, 2017: 7405-17 - Enhancements to Corporate Actions Web (CA Web) for Announcement of Reorganization Events
    • FICC Updates
      • December 29, 2017: GOV364-17 - Submission of Rule Filing (SR-FICC-2017-024) and Advance Notice Filing (SR-FICC-2017-807) relating to the Government Securities Division’s Clearing Fund methodology
      • December 18, 2017: GOV355-17 - Submission of Rule Filing (SR-FICC-2017-022) and Advance Notice Filing (SR-FICC-2017-806) – Enhancements to the Loss Allocation Rules
    • NSCC Updates
      • January 2, 2018: a8500 - Obligation Warehouse RECAPS Schedule
      • December 28, 2017: A8497 - NSCC PROPOSED RULE CHANGE AND ADVANCE NOTICE FILING – PROPOSAL TO ENHANCE THE VAR CHARGE AND REMOVE THE MMD CHARGE (SR-NSCC-2017-020 AND SR-NSCC-2017-808)
  • OCC
    • January 9, 2018: 34-82473 - Notice of Filing of Proposed Rule Change Related to The Options Clearing Corporation's Model Risk Management Policy
    • December 21, 2017: CBOE XBT Bitcoin Futures FAQ
    • December 19, 2017: 34-82355 - Notice of Filing of Proposed Rule Change, as Modified by Amendment No. 1, Related to The Options Clearing Corporation's Margin Policy
    • December 19, 2017: 34-82352 - Notice of Filing of a Proposed Rule Change Concerning Updates to and Formalization of OCC's Recovery and Orderly Wind-Down Plan
    • December 19, 2017: 34-82351 - Notice of Filing of a Proposed Rule Change Concerning Enhanced and New Tools for Recovery Scenarios
    • December 13, 2017: 34-82309 - Order Approving Proposed Rule Change Concerning Liquidity for Same Day Settlement
    • December 13, 2017: 34-82311 - Order Approving Proposed Rule Change Related to The Options Clearing Corporation's Collateral Risk Management Policy
    • December 13, 2017: 34-82312 - Order Approving Proposed Rule Change Relating to The Options Clearing Corporation's Counterparty Credit Risk Management Policy
  • FINRA Updates
    • TRACE
      • January 4, 2018: Reminder and Schedule Change: Upgrade to TLS 1.1/1.2
      • December 21, 2017: Testing of TRACE for Treasuries Reporting Changes
      • December 20, 2017: TRACE for Treasuries Reporting Changes
      • December 13, 2017: Update: FIX Format Changes
    • Additional FINRA Updates
      • January 11, 2018: Regulatory Notice 18-03 - FINRA Announces Updates of the Interpretations of Financial and Operational Rules.
      • January 8, 2018: FINRA announces 2018 Examination Priorities.
      • January 8, 2018: Regulatory Notice 18-02 - FINRA Requests Comment on Proposed Amendments to FINRA Rule 4521 and New Supplemental Liquidity Schedule
      • January 4, 2018: SR-FINRA-2018-001 - Proposed Rule Change to Extend the Expiration Date of FINRA Rule 0180 (Application of Rules to Security-Based Swaps)
      • January 3, 2018 - FAQs released pusuant to FINRA Rule 2165 (Financial Exploitation of Seniors.
      • January 2, 2018: Regulatory Notice 18-01 - Final Statements for Broker-Dealers, Investment Adviser Firms, Agents and Investment Adviser Representatives, and Branches.
  • CAT
    • January 9, 2018: NEW Participant Technical Specifications v1.5
    • December 19, 2017: Industry Update on the Consolidated Audit Trail
  • SEC:
    • January 11, 2018: Press Release 2018-1 - SEC held inaugural Fixed Income Market Stucture Advisory Committee Meeting.
    • January 5, 2018: IA-4839 - Amendments to Investment Advisers Act Rules to Reflect Changes Made by the FAST Act
  • MSRB
    • January 11, 2018:  MSRB releases 2017 Annual Report.
    • January 3, 2018: MSRB Reminds Dealers of Existing Guidance on Filtering of Bids and Offers
    • December 15, 2017: MSRB to Amend Rule G-34, on CUSIP Numbers, New Issue, and Market Information Requirements
  • TMPG
    • December 18, 2017: TMPG Meeting Agenda for their meeting on December 18th.
    • December 17, 2017:  Meeting Minutes for the November 17 TMPG Meeting.

 

  • FIF Working Group Updates: Please click here to Join Working Groups.
    • Consolidated Audit Trail (CAT)
      • January 17, 2018: FIF will hold a CAT meeting discussing our meetings with Thesys and the SEC
      • January 10, 2018:  FIF met with SEC to discuss CAT Implemenation and areas of concern.
      • January 9, 2018: FIF met with Thesys CAT to discuss CAT Industry Member Technical Specification
      • January 3, 2018:  FIF held a CAT Working Group meeting.
      • November 29, 2017: FIF submitted a comment letter to SEC and SROs on a New Plan for CAT.
      • 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 7, 2017:  Thesys CAT LLC released first draft of Industry Member Technical Specification.
      • CAT NMS Plan Website
    • Mark-Up/Mark-Down WG
        • January 10, 2017:  FIF, SIFMA, and the BDA distrubted survey to assess readiness of firms' MUMD Disclosure Enhancement Requirements.
        • 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
      • January 11, 2018 - Cost Basis Working Group held a meeting focusing on the impacts of the Tax Bill and a 305c update.
    • Cloud Technology Working Group
      • An introductory meeting of this new working group took place on January 11th. If you would like to join the working group, please contact the program office at fifinfo@fif.com.
    • Data and Technology
      • Next Meeting:  January 24 @ 10:30 am ET. Spotlight topic will focus on Cryptocurrencies and will be presented by Cboe Global Markets.
    • Retail Execution Quality
      • FIF to expand Charter of Retail Execution Quality Working Group
    • FIF Cybersecurity Working Group
      • FIF held a working gorup meeting on January 12, 2018 @ 3:00 PM ET.
      • FIF rebrands Reg SCI working group to incorporate a stronger focus on cybersecurity issues effecting FIF Member Firms.  If you would like to join the working group, please contact the program office at fifinfo@fif.com.
    • FIF Industry Solutions Offering
      • Visit the FIF Industry Solutions Page for the Latest Products & Services from Fellow FIF Members
    • 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, February 20, 2017 @ 11:00 am ET. 

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