March 20, 2018: Back Office Committee Meeting Agenda

Meeting Details  

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

Meeting Agenda 

  • DTCC Updates
    • DTC Updates
      • March 8, 2018: 7977-18 - Holiday Schedule: Good Friday 2018
      • March 7, 2018: 7968-18 - Enhancements to the IPA DMA Funding Tab
      • February 28, 2018: 7488-18 - Revised Schedule for Retirement of Corporate Actions CCF Files
      • February 21, 2018: 7904-18 - Additional Information Concerning Enhancements to Corporate Actions Web (CA Web) for Announcement of Reorganization Events
      • February 14, 2018: 7901-18 - Settlement Reclaim Enhancements
    • FICC Updates
      • February 27, 2018: GOV388-18 - Certificate of Incumbency – Member Updates Required
      • February 23, 2018: MBS523-18 - Capped Contingency Liquidity Facility Test–April 23, 2018
    • NSCC Updates
      • March 13, 2018: a8530 - CORPORATE BOND, MUNICIPAL BOND, UIT REAL TIME TRADE MATCHING SYSTEM (CMU RTTM) WEB REWRITE
      • March 8, 2018: a8526 - APPROVAL AND EFFECTIVE DATE OF ENHANCEMENTS TO NSCC’s MARGIN REQUIREMENTS
      • March 1, 2018: a8523 - New York State Stock Transfer Tax Rebate Program March 2018
      • March 1, 2018: a8522 - Obligation Warehouse RECAPS schedule March 2018
      • February 26, 2018: 34-82781 - Notice of Filing of Amendment No. 1 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1, to Enhance the Calculation of the Volatility Component of the Clearing Fund Formula that Utilizes a Parametric Value-at-Risk Model and Eliminate the Market Maker Domination Charge
  • OCC
    • March 5, 2018: CGM File Enhancements
    • March 2, 2018: 34-82801 - Order Instituting Proceedings to Determine Whether to Approve or Disapprove Proposed Rule Change Related to The Options Clearing Corporation's Margin Methodology
    • March 2, 2018: 2018 Business Continuity/Disaster Recovery Industry Test Strategy
    • February 27, 2018: 34-82785 - Order Approving Proposed Rule Change Related to The Options Clearing Corporation's Model Risk Management Policy
    • February 14, 2018: Reminder - Change to OCC Standard Monthly Expiration Window
    • February 13, 2018: Letter of Credit Rollover
  • FINRA Updates
    • TRACE
      • March 7, 2018: Regulatory Notice 18-09 - FINRA Updates Designation Criteria to Require Firms Reporting U.S. Treasury Securities to TRACE to Participate in FINRA’s Business Continuity/Disaster Recovery Testing
    • Additional FINRA Updates
      • March 6, 2018: FINRA Plans Changes to FIX Trade Reporting Related to Processing of Execution Time
      • February 26, 2018: Regulatory Notice 18-08 - FINRA Requests Comment on Proposed New Rule Governing Outside Business Activities and Private Securities Transactions
      • February 20, 2018: Reminder: FINRA Internal Testing In Production
  • MSRB
    • March 13, 2018: Designation Information Regarding Mandatory Participation in Business Continuity and Disaster Recovery Testing
    • February 15, 2018: Request for Input on Draft Frequently Asked Questions Regarding Rule G-42 and the Making of Recommendations
  • Tick Sized Pilot
    • Decommission of Tick Size Pilot - Communication with SEC on Tick Size Pilot End Date
  • CAT
    • March 9, 2018: Clock Synchronization Notice to Industry Members
    • March 9, 2018: Clock Synchronization Certification Form
    • March 8, 2018: Participant Technical Specifications v1.6
    • February 28, 2018: Industry Update on the CAT – Recording
    • February 21, 2018: Industry Member Technical Specifications Excerpt v0.2
  • SEC
    • March 14, 2018: 34-82873 - Transaction Fee Pilot for NMS Stocks
  • TMPG
    • February 28, 2018: TMPG Seeks Public Comment on Proposed Updates to its Fails Charge Practice Recommendation
    • February 28, 2018: FAQs for Proposed Updates to Fails Charge Practice Recommendation
    • February 27, 2018: TMPG Meeting Agenda for their meeting on February 27th.

 

  • FIF Working Group Updates: Please click here to Join Working Groups.
    • Consolidated Audit Trail (CAT)
      • March 20, 2018:  FIF meeting with SEC Staff and Commissioners to discuss alternative CAT implementation approach.
      • March 14, 2018:  FIF held a CAT Working Group meeting.
      • March 13, 2018: FIF/SIFMA/STA Held a deep dive discussion with the SROs over Manual Quotes
      • March 5, 2018: FIF created Industry Member Tech Spec and Options Pricing subgroups
      • February 21, 2018:  Thesys CAT released the second iteration of the Industry Member Technical Specification
      • February 9, 2018: FIF is holding weekly talks with SIFMA and STA on Riskless Principal, Complex Orders and Manual Quotes.
      • 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
        • January 23, 2018:  FIF, SIFMA and the BDA submitted a survey to the SEC addressing industry concerns regarding the readiness of MUMD rule enhancement requirements.
        • January 10, 2018:  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.
    • Transaction Fee Pilot Working Group
      • March 23, 2018:  FIF will be holding an introductory working group session on the recently proposed Transaction Fee Pilot
    • Cost Basis Working Group
      • April 5, 2018 - Cost Basis Working Group will hold it's monthly meeting
    • Cloud Technology Working Group
      • April 5, 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:  March 28 @ 10:30 am ET.
    • Retail Execution Quality
      • FIF 605 Subgroup has been meeting weekly to discuss proposed changes to SEC Rule 605 Report
    • FIF Cybersecurity Working Group
      • March 29, 2018: FIF will hold its next FIF Cybersecurity Working Group meeting
      • FIF held a working group meeting on March 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
    • 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, April 17, 2017 @ 11:00 am ET. 

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