August 21, 2018 - Back Office Committee Meeting Agenda

Meeting Details  

  • When: Tuesday, August 21, 2018 @ 11:00 am ET

Meeting Agenda 

  • DTCC Updates
    • DTC Updates
      • August 10, 2018: Changes to DTC calculations affecting your Collateral Monitor.
      • August 9, 2018: Rule Filing SR-DTC-2018-007 – Position Adjustment Tool.
      • July 26, 2018: Memo Segregation Enhancements – Implementation to Production on Friday, August 17, 2018.
    • FICC Updates
      • September 3, 2018: GOV456-18 - FICC Labor Day Holiday Schedule.
      • August 7, 2018: MBS598-18 - REMINDER: MBSD Operational Novation – Decommission of Obsolete Reports.
      • July 26, 2018: MBS592-18 - Submission of Rule Filing SR-FICC-2018-006 – Add terms governing MBSD’s processing of conditional prepayment rate claims to the MBSD Clearing Rules and
        make certain clarifications and corrections.
    • NSCC Updates
      • August 8, 2018: a8547 - Reminder: Consolidated Trade Summary (CTS) Rewrite SMART/Search Print Image Closure.
      • July 17, 2018: 34-83654 - Notice of Filing of and Immediate Effectiveness of a Proposed Rule Change to Clarify and Enhance Rules Related to the CNS Reorganization Processing System and NSCC's Authority to Reveal the Identity of Counterparties In Certain Circumstances.
  • OCC
    • August 8, 2018: Update - CGM File Enhancements Go-Live.
    • August 8, 2018: 34-83799 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Make Clarifying and Conforming Changes to The Options Clearing Corporation's Margins Methodology and Margin Policy.
    • July 27, 2018: 34-83724 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend the Definition of Flexibly Structured Options.
    • July 27, 2018: 34-83725 - Notice of Filing of Amendments No. 1 and 2 to Proposed Rule Change Concerning Enhanced and New Tools for Recovery Scenarios.
    • July 27, 2018: 34-83732 - Notice of Filing of Partial Amendments No. 1and 2 to Proposed Rule Change Concerning Updates to and Formalization of OCC's Recovery and Orderly Wind-Down Plan.
  • FINRA Updates
    • Additional FINRA Updates
      • August 15, 2018: SR-FINRA-2018-030 - FINRA Planned Termination of Support of CTCI Protocol for Reporting Trades to TRACE AND ORF
      • August 13, 2018: Regulatory Notice 18-25 - FINRA Reminds Alternative Trading Systems of Their Obligations to Supervise Activity on Their Platforms
      • August 10, 2018: Regulatory Notice 18-24 - Update to Security Futures Risk Disclosure Statement and Supplement
      • August 9, 2018: SR-FINRA-2018-028 - Proposed Rule Change to Amend the Security Futures Risk Disclosure Statement
      • July 30, 2018: Special Notice – 7/30/18 - FINRA Requests Comment on Financial Technology Innovation in the Broker-Dealer Industry.
  • MSRB
    • July 19, 2018: Request for Comment on Draft Amendments to MSRB Rules on Primary Offering Practices
  • TMPG
    • June 26, 2018: TMPG Meeting Minutes available.
  • CAT
    • August 16, 2018:  The CAT NMS Plan published additional interpretative FAQs issuing guidance of Firm Designated ID (FAQs 19-26).
    • August 15, 2018:  The CAT NMS Plan Operating Committee releases mapping of OATS FAQs to CAT.
    • August 14, 2018: The CAT NMS Plan Operating Committee publicizes revised CAT Implementation Plan.
    • August 2, 2018: Participant Technical Specifications v1.7
  • SEC
    • July 18, 2018: Exchange Act 3a1-1 and Regulation ATS
  • FIF Working Group Updates: Please click here to Join Working Groups.
    • Consolidated Audit Trail (CAT)
      • August 15, 2018: FIF held a CAT Working Group Meeting
      • August 13, 2018: FIF CAT Web API/interface Subgroup held it's first meeting where they reviewed OATS Web functionality, current CAT IM Tech Spec web functionality, the CAT public web site and FIF recommendations on Authentication
      • August 7, 2018: FIF/STA/SIFMA Error Correction Subgroup Meeting - Covered the recommendations and questions to be posed to the SROs/Plan Processor on the File Submission and Error Correction process pursuant to CAT reporting requirements.  FIF will engage in a Deep Dive Discussion with the SROs on Tuesday, August 14.
      • August 7, 2018: Matching Criteria Subgroup Meeting - FIF held a meeting as a follow up to the Deep Dive Discussion with the SROs to discuss remaining issues and questions
      • August 6, 2018: Reviewed the SROs’ proposed suggestion of requesting exemptive relief from the CAT NMS Plan to prohibit account number as an option to report FDID.  FIF submitted to our comments to the SROs on Friday, August 10.
      • August 3, 2018:  FIF submitted a comment letter to ThesysCAT on the cybersecurity features of 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
      • 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 attended 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.
      • September 7, 2017:  Thesys CAT LLC released first draft of Industry Member Technical Specification.
      • CAT NMS Plan Website
    • Tick Size Pilot
      • July 31, 2018:  FIF submitted a comment letter to SEC on the request for guidance on the anticipated sunset of the Tick Size Pilot Program 
    • LTR Phase 3 Retirement 
      • August 16, 2018:  FIF met with SEC Commissioners to discuss LTR Phase 3 compliance extension. 
      • 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
      • August 9, 2018 - Covered the Trump Administration's recently proposed indexing capital gains to inflation.
    • Cloud Technology Working Group
      • Join us on August 23 for a special spotlight presentation from Saman Michael Far from Finra
      • July 23, 2018: FIF held a Cloud Technology Working Group Meeting
    • Data and Technology
      • Next Meeting:  August 29 @ 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
      • August 30, 2018: FIF will hold its next FIF Cybersecurity Working Group meeting
      • FIF held a working group meeting on July 26, 2018
    • 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)
  • FIF will be holding a Quarterly Event on Thursday, September 13 at Fidessa.  This event will focus on the current status of the Consolidated Audit Trail.  To register, please click here.

 

Next Meeting Date: Tuesday, September 18, 2018 @ 11:00 am ET. 

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