July 17, 2018: Back Office Committee Meeting Agenda

Meeting Details  

  • When: Tuesday, July 17, 2018 @ 11:00 am ET

Meeting Agenda 

  • DTCC Updates
    • DTC Updates
      • June 25, 2018: 34-83509 - Notice of Designation of Longer Period for Commission Action on Proceedings to Determine Whether to Approve or Disapprove Proposed Rule Changes to Adopt a Recovery & Wind-down Plan and Related Rules
    • FICC Updates
      • June 28, 2018: GOV444-18 - Submission of Amendment No. 1 to Rule Filing (SR-FICC-2017-022) and Advance Notice Filing (SR-FICC-2017-806) – Enhancements to the Loss Allocation Rules
      • June 19, 2018: GOV435-18 - Approval and Implementation of Rule Filing (SR-FICC-2018-004) – Introduction of a Floor to the Calculation of the Fails Charges and Other Changes
    • NSCC Updates
      • June 27, 2018: a8575 - AIP ELECTRONIC DOCUMENTATION FUNCTIONALITY & ADDITIONAL INDUSTRY ENHANCEMENTS - 2018

OCC

    • July 2, 2018: Clearing Member Notification Requirements
    • June 26, 2018: Operations Manual Update
    • June 21, 2018: DDS Change - Suppression of Contra Customer Account Number on DDS Trade Messages
    • June 21, 2018: Margin Modeling Enhancements
    • June 20, 2018: 34-83484 - Notice of Designation of Longer Period for Commission Action on Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change Concerning Enhanced and New Tools for Recovery Scenarios
  • FINRA Updates
    • OATS
      • June 27, 2018: OATS Reporting Technical Specifications (6/27/2018 edition)
    • TRACE
      • July 11, 2018: Production Test for TRACE Trade Reporting FIX Tag Changes
    • Additional FINRA Updates
      • July 6, 2018: Regulatory Notice 18-20 - FINRA Encourages Firms to Notify FINRA if They Engage in Activities Related to Digital Assets
  • TMPG
    • July 12, 2018: The TMPG has published a consultative White Paper on Clearing and Settlement in the Secondary Market for U.S. Treasury Securities
    • June 26, 2018: TMPG Agenda available. Meeting minutes will be released soon.
  • CAT
    • July 10, 2018:  The SROs released an updated CAT implementation schedule.  FIF will be providing comments on the proposed implementation plan on Tuesday, July 17th. 
    • June 29, 2018: Industry Update on the CAT – Recording 
  • SEC
    • June 28, 2018: 33-10515 - Exchange-Traded Funds
  • FIF Working Group Updates: Please click here to Join Working Groups.

·        

    • Consolidated Audit Trail (CAT)
      • July 16, 2018:  FIF submitted a comment letter to ThesysCAT raising questions and concerns with V0.3.1 of the Industry Member Tech Spec
      • July 16, 2018:  FIF held an Industry Member Tech Spec Working Group Meeting.
      • July 11, 2018: FIF held a CAT Working Group Meeting
      • June 18, 2018:  FIF forms ad hoc working group to review CAT Spec Version 0.3.1
      • June 18, 2018:  FIF forms ad hoc working group to discuss OMS/EMS linkage issues
      • June 19, 2018:  FIF held a meeting with the CAT Cybersecurity Subgroup
      • May 10, 2018:  FIF/STA/SIFA completed analysis of OTC Equity Reporting
      • May 8, 2018: FIF Releases a Statement on the CAT Go Live Date
      • May 4, 2018:  FIF submits a letter to SEC Division of Trading and Markets on projected Technical Specification date.
      • April 17, 2018:  FIF attending meetings with SEC Division of Trading and Markets to discuss the FIF Alternative Implementation 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
    • LTR Phase 3 Retirement 
      • May 31, 2018:  FIF met with SEC Staff to discuss LTR Phase 3 Implementation milestones.
    • Transaction Fee Pilot Working Group
      • May 25, 2018:  FIF submitted a comment letter on the Transaction Fee Pilot
      • March 14, 2018: SEC Release No 34-82872 - SEC proposes Transaction Fee Pilot.
    • Cost Basis Working Group
      • July 19, 2018 - Cost Basis Working Group will hold its monthly meeting. Topics for discussion: Comment Letters on Section 451(b) – Income recognition, Retirement of the LIBOR, and the Cryptocurrency Tax Fairness Act
    • Cloud Technology Working Group
      • June 14, 2018: FIF held a Cloud Technology Working Group Meeting
    • Data and Technology
      • Next Meeting:  July 25 @ 10:00 am ET.
    • Retail Execution Quality
      • FIF 605 Subgroup has been meeting to discuss proposed changes to SEC Rule 605 Report
    • FIF Cybersecurity Working Group
      • July 26, 2018: FIF will hold its next FIF Cybersecurity Working Group meeting
      • FIF held a working group meeting on June 28, 2018
    • 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, August 21, 2018 @ 11:00 am ET. 

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