May 15, 2018 - Back Office Committee Meeting Agenda

Meeting Details  

  • When: Tuesday, May 15, 2018 @ 11:00 am ET

Meeting Agenda 

  • DTCC Updates
    • DTC Updates
      • May 8, 2018: 8631-18 - Settlement Optimization
      • May 4, 2018: 8546-18 - Position Adjustment Tool Available for User Testing Beginning June 1, 2018
      • April 26, 2018: 8561-18 - New Functionality in the Settlement Web
      • April 25, 2018: 8163-18 - Memo Segregation Enhancements – User Testing
      • April 24, 2018: 8309-18 - DTC Settlement Input Time Changes –Phased–In Implementation Plan - REVISED
      • April 17, 2018: 34-83058 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend the DTC Redemptions Service Guide and the DTC Reorganizations Service Guide to Add Clarifying Text Relating to the Processing of MMI Securities
    • FICC Updates
      • May 8, 2018: GOV415-18 - Submission of Rule Filing SR-FICC-2018-004 – Introduction of a Floor to the Calculation of the Fails Charges and Other Changes
      • May 3, 2018: GOV412-18 - FICC Memorial Day Holiday Schedule
      • April 25, 2018: GOV405-18 - Submission of Amendment No. 1 to Rule Filing SR-FICC-2018-001 and Amendment No. 1 to Advance Notice Filing SR-FICC-2018-801 relating the Government Securities Division’s Clearing Fund methodology
    • NSCC Updates
      • May 1, 2018: a8550 - Obligation Warehouse RECAPS schedule May 2018
  • OCC
    • May 3, 2018: Section 31 Transaction Fee Update
  • FINRA Updates:
    • May 3, 2018: Regulatory Notice 18-19 - FINRA Amends Rule 3310 to Conform to FinCEN’s Final Rule on Customer Due Diligence Requirements for Financial Institutions
    • April 20, 2018: SR-FINRA-2018-016 - Proposed Rule Change Relating to FINRA Rule 3310 to Conform FINRA Rule 3310 to FinCEN’s Final Rule on Customer Due Diligence Requirements for Financial Institutions
    • May 3, 2018: Regulatory Notice 18-18 - FINRA Extends Effective Date of Margin Requirements for Covered Agency Transactions
    • April 20, 2018: Election Notice – 4/20/18 - Special Election to Fill a FINRA Large Firm Governor Vacancy
  • TMPG
    • May 22, 2018: The next scheduled TMPG meeting will take place on May 22nd 
    • April 23, 2018: Treasury Market Practices Group Amends Date for Implementing Updated Fails Charge Practice Recommendation
    • April 23, 2018: U.S. Treasury Securities Fails Charge Trading Practice
    • April 23, 2018: Agency Debt and Agency MBS Fails Charge Trading Practice
    • April 23, 2018: Frequently Asked Questions: TMPG Fails Charges
  • CAT
    • May 1, 2018:  CAT Operating Committee releases two additional FAQs on the November, 2018 CAT reporting date.
  • SEC
    • April 25, 2018: 33-10486 - Amendments to Forms and Schedules to Remove Provision of Certain Personally Identifiable Information.
    • April 24, 2018: 34-83098 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Extend the Temporary Exception that Permits Aggregate Reporting for Certain ATS Transactions in U.S. Treasury Securities.
    • April 20, 2018: 34-83082 - Notice of Filing of a Proposed Rule Change to Establish a Second Trade Reporting Facility in Conjunction with Nasdaq, Inc.
    • April 18, 2018: 34-83062 - Regulation Best Interest

 

  • FIF Working Group Updates: Please click here to Join Working Groups.
    • Consolidated Audit Trail (CAT)
      • May 14, 2018:  FIF held a meeting with the CAT Cybersecurity Subgroup
      • May 10, 2018:  FIF/STA/SIFA compled analysis of OTC Equity Reporting
      • May 9, 2018: FIF holds a CAT Working Group Meeting
      • May 8, 2018: FIF Releases a Statement on the CAT Go Live Date
      • May 4, 2018:  FIF submits a letterto SEC Division of Trading and Markets on projected Technical Specificaiton date.
      • April 20, 2018: FIF/SIFMA/STA held a deep dive discussion with the SROs on Options Pricing.
      • April 17, 2018:  FIF attending meetings with SEC Division of Trading and Markets to discuss the FIF Alternative Implemenation Approach
      • March 29, 2018: FIF submitted a comment letter to Thesys CAT on the CAT Industry Member Spec.
      • March 20, 2018:  FIF meeting with SEC Staff and Commissioners to discuss alternative CAT implementation approach.
      • January 9, 2018:  Thesys CAT releases draft of Participant Technical Specification. 
      • September 7, 2017:  Thesys CAT LLC released first draft of Industry Member Technical Specification.
      • CAT NMS Plan Website
    • Mark-Up/Mark-Down WG
        • April 20, 2018:  FIF received indication that the SEC will not accept a conformance period.
        • 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.
    • Tick Sized Pilot
      • Decommission of Tick Size Pilot - Communication with SEC on Tick Size Pilot End Date
    • Transaction Fee Pilot Working Group
      • May 8, 2018:  FIF held a Transaction Fee Pilot Working Group Meeting.
      • March 14, 2018: SEC Release No 34-82872 - SEC proposes Transaction Fee Pilot.
    • Cost Basis Working Group
      • June 7, 2018 - Cost Basis Working Group will hold it's monthly meeting
    • Cloud Technology Working Group
      • May 10, 2018: FIF held a Cloud Technology Working Group Meeting
    • Data and Technology
      • Next Meeting:  May 30 @ 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
      • May 31, 2018: FIF will hold its next FIF Cybersecurity Working Group meeting
      • FIF held a working group meeting on April 26, 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, June 19, 2018 @ 11:00 am ET. 

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