February 20, 2018 - Back Office Committee Meeting Agenda

Meeting Details  

  • When: Tuesday, February 20, 2018 @ 11:00 am ET

Meeting Agenda 

  • DTCC Updates
    • DTC Updates
      • February 8, 2018: 34-82670 - Notice of Designation of Longer Period for Commission Action on Proposed Rule Changes to Amend the Loss Allocation Rules and Make Other Changes.
      • February 8, 2018: 34-82669 - Notice of Designation of Longer Period for Commission Action on Proposed Rule Changes to Adopt a Recovery & Wind-down Plan and Related Rules.
      • February 8, 2018: 34-82663 - Order Approving Proposed Rule Change to Restore the Timeframe for Processing Credit Post-Payable Adjustments.
      • February 8, 2018: 34-82662 - Order Approving Proposed Rule Change to Amend Procedures in the DTC Settlement Service Guide Relating to the Intra-Month Collection of Required Participants Fund Deposits.
      • February 1, 2018: 7754-18 - Rule Filing SR-DTC-2018-001 – Revisions to DTC’s By-Laws.
    • FICC Updates
      • February 9, 2018: GOV382-18 - Business Continuity Testing.
      • February 1, 2018: GOV380-18 - Submission of Rule Filing SR-FICC-2018-002 – Revisions to FICC’s By-Laws and Incorporation of FICC’s Certificate of Incorporation and By-Laws into the Fixed Income Clearing Corporation Government Securities Division Rulebook (“GSD Rules”).
      • January 30, 2018: GOV376-18 - Submission of Rule Filing (SR-FICC-2018-001) and Advance Notice Filing (SR-FICC-2018-801) relating the Government Securities Division’s Clearing Fund methodology.
      • January 23, 2018: GOV372-18 - Foreign affiliate trading reporting requirement – Deadline Extension.
      • January 19, 2018: GOV371-18 - Capped Contingency Liquidity Facility – Availability of the CCLF Participant Report.
    • NSCC Updates
      • February 6, 2018: a8513 - Obligation Warehouse RECAPS schedule February 2018.
      • February 5, 2018: a8512 - CONSOLIDATEDTRADE SUMMARY (CTS) CYCLE 3 AND CONTINUOUS NET SETTLEMENT (CNS) ONE DAY SETTLING (ODS) EXEMPTION.
      • February 1, 2018: a8510 - NSCC SUBMISSION OF RULE FILING (SR-NSCC-2018-001) – REVISIONS TO NSCC’S BY-LAWS AND INCORPORATION OF NSCC’S CERTIFICATE OF INCORPORATION AND BY-LAWS INTO NSCC’S RULES AND PROCEDURES (“RULES”).
      • January 19, 2018: a8506 - APPROVAL OF NSCC PROPOSED RULE CHANGE – ENHANCE THE
        PROCESS FOR SUBMITTING AND ACCEPTING ETF CREATIONS
        AND REDEMPTIONS (SR-NSCC-2017-019).

OCC

    • January 19, 2018: 34-82543 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Modify OCC's Rules Regarding the Exercise Procedures for Certain Options on Futures.
    • January 17, 2018: Minimum Cash Requirement for Clearing Fund.
  • FINRA Updates
    • EBS
      • January 29, 2018: Regulatory Notice 18-04 - FINRA and ISG Announce Extension of Effective Date for Certain Electronic Blue Sheet Data Elements and Updates to Certain Requestor and Exchange Codes
    • TRACE
      • February 5, 2018: Testing: TLS 1.1/1.2 & ORF Next Day Dividend 
      • February 1, 2018: Now Available: End-Of-Day and TRACE Security Activity Report (TSAR).
      • January 19, 2018: Reminder: TRACE for Treasuries Reporting Changes.
    • Additional FINRA Updates
      • January 24, 2018: 34-82578 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to the New Securities Industry Essentials Examination.
  • Tick Sized Pilot
    • Decommission of Tick Size Pilot - Communication with SEC on Tick Size Pilot End Date
  • CAT
    • February 9, 2018: Please click here to find the press release announcing the appointment of Vas Rajan as Chief Information Security Officer for Consolidated Audit Trail, as posted to catnmsplans.com
    • February 8, 2018: CAT NMS Plan Interpretive FAQs Posted
    • January 30, 2018: Industry Update on the Consolidated Audit Trail
    • January 17, 2018: 34-82524 - Notice of Withdrawal of Proposed Rule Changes, as Modified by Amendments Thereto, to Eliminate Requirements That Will Be Duplicative of CAT
    • January 16, 2018: 34-82503 - Notice of Withdrawal of Proposed Rule Changes, as Modified by Amendments, to Establish Fees for Industry Members to Fund the Consolidated Audit Trail
  • TMPG
    • January 22, 2018: TMPG Releases Best Practice Recommendations on Information Handling
    • January 22, 2018: Best Practices for Treasury, Agency Debt and Agency Mortgage Backed Securities Markets
    • January 22, 2018:Best Practice Recommendations on Information Handling with Illustrative Examples
    • January 18, 2018: TMPG Meeting Minutes for their meeting on January 18th.

  • FIF Working Group Updates: Please click here to Join Working Groups.
    • Consolidated Audit Trail (CAT)
      • February 15, 2018:  Thesys, CAT is scheduled to release the second iteration of the Industry Member Technical Specification
      • February 14, 2018:  FIF held a CAT Working Group meeting.
      • February 9, 2018: FIF is holding weekly talks with SIFMA and STA on Riskless Principal and Manual Quotes.
      • February 5, 2018: FIF has established two subgroups:  A CAT Participant Specification Review Subgroup and a CAT EBS Subgroup.
      • January 10, 2018:  FIF met with SEC to discuss CAT Implementation and areas of concern.
      • January 9, 2018: FIF met with Thesys CAT to discuss CAT Industry Member Technical Specification
      • January 9, 2018:  Thesys CAT releases draft of Participant Technical Specification. 
      • 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

o   

        • January 23, 2017:  FIF, SIFMA and the BDA submitted a surevey to the SEC addressing industry concerns regarding the readiness of MUMD rule enhancement requirements.
        • January 10, 2017:  FIF, SIFMA, and the BDA distributed 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
      • March 8, 2018 - Cost Basis Working Group will hold a meeting focusing on the impacts of the Tax Bill.
    • Cloud Technology Working Group
      • February 22, 2018: FIF will hold our next Cloud Technology Working Group Meeting
      • 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:  February 21 @ 10:30 am ET.
    • Retail Execution Quality
      • FIF to expand Charter of Retail Execution Quality Working Group
    • FIF Cybersecurity Working Group
      • March 1, 2018: FIF will hold its next FIF Cybersecurity Working Group meeting
      • FIF held a working group meeting on February 1, 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, March 20, 2017 @ 11:00 am ET. 

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