September 18, 2018: Back Office Committee Meeting Agenda

Meeting Details  

  • When: Tuesday, September 18, 2018 @ 11:00 am ET

Meeting Agenda 

  • Spotlight Topic
    • FINRA Staff will discuss the expectations and procedures pursuant to the retirement of the CTCI Protocol
  • DTCC Updates
    • DTC Updates
      • September 7, 2018: 9463-18 - DTC Will Convert its ISO20022 Corporate Action Messaging to the SWIFT SR2018 Version on November 18, 2018 - Updated
      • September 7, 2018: 9460-18 - Deletion and Re-Announcement of Certain Conversion and Warrants Exercise Events Rescheduled to September 22, 2018
      • September 7, 2018: 9459-18 - New DTC Business Continuity File
      • August 28, 2018: B9429-18 - Approval and Implementation of Rule Filing SR-DTC-2018-006 Regarding Rule 35 (CMSP Reporting and Instructions)
      • August 28, 2018: 34-83972 - Order Approving a Proposed Rule Change, as Modified by Amendment No. 1, to Adopt a Recovery & Wind-down Plan and Related Rules
    • FICC Updates
      • October 8, 2018: GOV477-18 - FICC Columbus Day Holiday Schedule
      • September 10, 2018: MBS615-18 - Approval of Rule Filing SR-FICC-2018-005 – Corrections to Certain References and Transparency of Existing Processes in the EPN Rules
      • September 5, 2018: MBS611-18 - FINAL REMINDER: MBSD Operational Novation – Decommission of Obsolete Reports
      • August 29, 2018: GOV469-18 - Approval and Implementation of Enhancements to the Loss Allocation Rules (SR-FICC-2017-022 and SR-FICC-2017-806)
    • NSCC Updates
      • September 4, 2018: a8610 - New York State Transfer Tax Rebate September 2018
      • August 28, 2018: 8603 - DEPLOYMENT DATE FOR CORPORATE BOND, MUNICIPAL BOND, UIT REAL TIME TRADE MATCHING SYSTEM (CMU RTTM) WEB REWRITE
      • August 24, 2018: a8601 - ACATS-Fund/SERV Transfer Record Modifications – Schedule Change
      • August 23, 2018: a8600 - DTC/NSCC /INDUSTRY INITIATIVES – ROLLOUT SCHEDULE
      • August 23, 2018: a8599 - ACATS MODERNIZATION/SHORTENED CYCLE INITIATIVE – SCOPE AND SCHEDULE CHANGE
  • OCC
    • August 27, 2018: Stock Loan Clearing Guarantee
    • August 23, 2018: 34-83916 - Order Approving Proposed Rule Change, as Modified by Amendment No. 2, Concerning Enhanced and New Tools for Recovery Scenarios
    • August 23, 2018: 34-83918 - Order Approving Proposed Rule Change, as Modified by Partial Amendment No. 2, Concerning Updates to and Formalization of OCC's Recovery and Orderly Wind-Down Plan
  • FINRA Updates
    • Additional FINRA Updates
      • September 14, 2018:  Regulatory Notice 18-31 - This Notice provides firms with information regarding recent guidance (the guidance) issued by staff of the SEC’s Division of Trading and Markets (the SEC staff) regarding the use of recordkeeping services provided by third parties to preserve records pursuant to SEA Section 17(a) and SEA Rule 17a-4.
      • September 11, 2018: Regulatory Notice 18-28 - FINRA Requests Comment on a Proposal to Expand OTC Equity Trading Volume Data Published on FINRA’s Website
      • August 31, 2018: SR-FINRA-2018-034 - Immediate Effectiveness of a Proposed Rule Change to Amend Rule 2360 (Options) to Increase Position Limits on Options on Certain Exchange-Traded Funds
      • July 30, 2018: Special Notice – 7/30/18 - FINRA Requests Comment on Financial Technology Innovation in the Broker-Dealer Industry
  • MSRB
    • September 11, 2018: MSRB Expands Advisory Groups and Seeks Volunteers
    • September 7, 2018: Request for Comment on Draft Interpretive Guidance on Pennying and Draft Amendments to Existing Guidance on Best Execution 
  • TMPG
    • September 11, 2018: TMPG Meeting Agenda available.
  • CAT
    • September 5, 2018: Industry Member Technical Specifications v0.6
    • September 5, 2018: CAT Alert 2018-001
    • September 5, 2018: OATS to CAT Event Field Level Mapping
    • August 15, 2018:  The CAT NMS Plan Operating Committee Releases an OATS FAQ to CAT Mapping
  • SEC
    • September 10, 2018:  The SEC issues a statement on the expiration of the Tick Size Pilot Program
    • September 5, 2018:  The SEC grants FIF's Exemptive Relief Request exempting broker-dealers from the requirement to report issuing trade-by-trade confirmations under SEC Rule 10b-10 for certain transactions in fractional share liquidations
  • FIF Working Group Updates: Please click here to Join Working Groups.
    • Consolidated Audit Trail (CAT)
      • September 19, 2018: FIF will hold its next CAT Working Group Meeting
      • September 17, 2018:  FIF to meet with the SROs to discuss the challenges related to reporting representative order linkages
      • September 14, 2018:  FIF attended an in-person Industry Member Tech Spec Working Group 
      • September 13, 2018: FIF held a CAT-focused Quarterly Event at Fidessa focusing on the implications of the CAT implementation plan and milestones, and provided insight on what you should be doing now to support the CAT implementation effort at your firm.
      • September 7, 2018: FIF began reviewing the Industry Member Tech Spec v0.6 with it's subgroup members
      • September 6, 2018: FIF CAT Web API/interface Subgroup held a deep dive discussion with the SROs where they reviewed OATS Web functionality, current CAT IM Tech Spec web functionality, the CAT public web site and FIF recommendations on Authentication
      • August 30, 2018:  FIF participated in a Connectivity Focus Group Meeting sponsored by the SROs
      • August 20, 2018:  FIF submitted a comment letter on the August 1 SRO CAT Implementation Approach
      • August 14, 2018: FIF/STA/SIFMA Error Correction Subgroup Meeting - FIF engaged in a Deep Dive Discussion with the SROs on Tuesday, August 14.
      • 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 letterto 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
      • August 28, 2018: FIF submitted a comment letter to the SEC on the Tick Size Pilot Termination Date
      • 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 
      • September 8, 2018: FIF submitted a comment letter to the SEC on the LTR Phase 3 Compliance Date
      • 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.
    • Cost Basis Working Group
      • We will hold our next meeting on October 11th 
    • Cloud Technology Working Group
      • We will hold our next meeting on Thursday September 20th
    • Data and Technology
      • Next Meeting:  September 26 @ 10:00 am ET.
    • Retail Execution Quality
      • FIF 605 Subgroup has been meeting to discuss proposed changes to SEC Rule 605 Report.  Please click here to view the draft recommendations.  
    • FIF Cybersecurity Working Group
      • September 27, 2018: FIF will hold its next FIF Cybersecurity Working Group meeting
    • 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, October 9, 2018 @ 11:00 am ET. 

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