April 17, 2018 - Back Office Committee Meeting Agenda

Meeting Details  

  • When: Tuesday, April 17, 2018 @ 11:00 am ET
  • Where: Please click here to join the meeting.

Meeting Agenda 

  • DTCC Updates
    • DTC Updates
      • April 3, 2018: 8324-18 - Revised Information Concerning Deployment of Enhancements to Corporate Action Announcements of Reorganization Events.
      • March 20, 2018: 34-82914 - Order Instituting Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change to Amend the Loss Allocation Rules and Make Other Changes.
      • March 20, 2018: 34-82912 - Order Instituting Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change to Adopt a Recovery & Wind-down Plan and Related Rules.
    • FICC Updates
      • April 4, 2018: MBS537-18 - Capped Contingency Liquidity Facility Test–April 23, 2018.
      • March 21, 2018: GOV397-18 - TMPG Fails Charge Changes
    • NSCC Updates
      • April 3, 2018: a8537 - DTCC Limit Monitoring Enhancements.
      • April 2, 2018: a8538 - Obligation Warehouse RECAPS schedule April 2018.
      • March 22, 2018: a8534 - I&RS March 2018 Enhancement Release Important Notice.
      • March 20, 2018: a8531 - Social Code Enhancements.
      • March 20, 2018: a8532 - Mutual Fund Profile Service II – Profile Security Web and Mainframe Enhancements.
  • OCC
    • April 3, 2018: 34-82983 - Notice of Filing of Proposed Rule Change Related to The Options Clearing Corporation's Trade Acceptance and Novation Rules
    • March 26, 2018: New Encore ID Process for Clearing Members
    • March 22, 2018: 34-82926 - Order Instituting Proceedings to Determine Whether to Approve or Disapprove the Proposed Rule Concerning Enhanced and New Tools for Recovery Scenarios
  • FINRA Updates
    • TRF
      • April 10, 2018:  SR-FINRA-2018-013 - Proposed rule change relating to the establishment of a second Trade Reporting Facility in conjunction with Nasdaq, Inc.
    • OATS
      • March 23, 2018: OATS Reporting Technical Specifications
    • TRACE
      • March 29, 2018: Test Broadcast IP Multicast Channels  
    • Additional FINRA Updates
      • March 28, 2018: Regulatory Notice 18-11 - FINRA Cautions Members Regarding Recommending and Entering Unpriced Customer Orders at and Around the Opening on the First Day of Trading of a Direct Listing
      • March 23, 2018: Regulatory Notice 18-10 - FINRA Requests Comment on the Effectiveness and Efficiency of Its Carrying Agreements Rule
  • Tick Sized Pilot
    • Decommission of Tick Size Pilot - Communication with SEC on Tick Size Pilot End Date
  • TMPG
    • April 10, 2018: Agenda for the April 10th meeting: http://www.newyorkfed.org/TMPG/meetings.html
  • SEC
    • April 9, 2018:  The SEC Fixed Income Market Structure Advisory Committee held a meeting on Monday, April 9th at 9:30 am.  Please click here to view the agenda.
  • CAT
    • March 28, 2018: Industry Update on the CAT – Recording

 

  • FIF Working Group Updates: Please click here to Join Working Groups.
    • Consolidated Audit Trail (CAT)
      • April 20, 2018: FIF/SIFMA/STA will hold a deep dive discussion with the SROs over Options Pricing
      • April 18, 2018: FIF will hold its next CAT Working Group meeting
      • April 17, 2018:  FIF attending meetings with SEC Division of Trading and Markets to discuss the FIF Alternative Implemenation Approach
      • April 13, 2018: FIF/SIFMA/STA Held a deep dive discussion with the SROs over Multi-Leg Orders
      • April 11, 2018: FIF held a FIF CAT Working Group meeting
      • March 29, 2018: FIF submitted a comment letter to Thesys CAT on the CAT Industry Member Spec.
      • March 23, 2018: FIF/SIFMA/STA Held a deep dive discussion with the SROs over Riskless Principal
      • March 20, 2018:  FIF meeting with SEC Staff and Commissioners to discuss alternative CAT implementation approach.
      • 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
      • April 6, 2018:  FIF held a Transaction Fee Pilot Working Group Meeting.
      • April 2, 2018:  FIF held an introductory working group session on the recently proposed Transaction Fee Pilot.
      • March 14, 2018: SEC Release No 34-82872 - SEC proposes Transaction Fee Pilot.
    • Cost Basis Working Group
      • May 3, 2018 - Cost Basis Working Group will hold it's monthly meeting
    • Cloud Technology Working Group
      • April 12, 2018: FIF held a Cloud Technology Working Group Meeting
    • Data and Technology
      • Next Meeting:  April 25 @ 10:30 am ET.
    • Retail Execution Quality
      • FIF 605 Subgroup has been meeting to discuss proposed changes to SEC Rule 605 Report
    • FIF Cybersecurity Working Group
      • April 26, 2018: FIF will hold its next FIF Cybersecurity Working Group meeting
      • FIF held a working group meeting on March 29, 2018
      • 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, May 15, 2018 @ 11:00 am ET. 

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