October 9, 2018 - Back Office Committee Meeting Agenda

Meeting Details  

  • When: Tuesday, October 9, 2018 @ 11:00 am ET

Meeting Agenda 

  • DTCC Updates
    • DTC Updates
      • September 24, 2018: 9744-18 - Corporate Actions Identifiers for Re-Announced Conversion and Warrants Exercise Events
      • September 20, 2018: 9740-18 - Position Adjustment Tool Available in Production Beginning on September 28, 2018
    • FICC Updates
      • September 26, 2018: GOV486-18 - GSD Capped Contingency Liquidity Facility (“CCLF”) Test
      • September 26, 2018: MBS621-18 - Approval of Rule Filing SR-FICC-2018-007 – Related to MBSD’s EPN Rules
    • NSCC Updates
      • September 19, 2018: a8618 - NSCC PROPOSED RULE CHANGE – ENHANCE THE RULES THAT DESCRIBE BUY-IN PROCESSING
  • FINRA Updates
    • Additional FINRA Updates
      • October 9:  MBS Margining - delay in implementation 
      • October 4, 2018 - Regulatory Notice 18-34 - Effective April 1, 2019, large alternative trading systems (ATSs) will be required to identify non-FINRA member subscriber counterparties in TRACE reports for transactions in U.S. Treasury securities using FINRA-assigned market participant identifiers (MPIDs). This information will be used for regulatory purposes, and will not be made public.
      • September 28, 2018: Information Notice – 9/24/18 - Presentation Changes and New Functionality in the Central Registration Depository (CRD) System
      • September 27, 2018:  SR-FINRA 2018-036 - Proposed Rule Change Relating to Test Results Information on the Content Outlines of FINRA Qualification Examinations
      • September 25, 2018: MSRB Facilitates Requests for Interpretive Guidance
      • September 20, 2018: SR-FINRA-2018-035 - Proposed Rule Change to Amend CAB Rule 331 (Anti-Money Laundering Compliance Program) to Conform to FinCEN’s Final Rule on Customer Due Diligence Requirements for Financial Institutions 
  • TMPG
    • September 11, 2018: TMPG Meeting Agenda available.
  • CAT
    • October 5, 2018: CAT NMS Plan Operating Committee Publishes a supplemenatal Technical Specification which includes additional information on the CAT File Submission process.  To view the updated spec, please click here.
  • SEC
    • September 20, 2018: 34-84225 - Amendment to Single Issuer Exemption for Broker-Dealers
  • FIF Working Group Updates: Please click here to Join Working Groups.
    • Consolidated Audit Trail (CAT)
      • October 10, 2018:  FIF/FIX to hold initial working group meeting on the application of FIX within CAT
      • October 9, 2018:  FIF participated in a deep-dive discussion with the SROs on the Error Correction and File Submission Process
      • October 5, 2018:  FIF held a subgroup meeting discussing the CAT Error Correction Process and recommendations.
      • October 2, 2018: FIF held a CAT Working Group Meeting
      • October 1, 2018: FIF concluded its review of the Industry Member Technical Specification and submitted comments to ThesysCAT, the SROs and the SEC.
      • September 25/26:  FIF participated in in-person discussions with the SROs, ThesysCAT, and the SEC on CAT Options Reporting and Representative Orders.
      • September 17, 2018:  FIF met 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.
      • August 20, 2018:  FIF submitted a comment letter on the August 1 SRO CAT Implementation Approach.
      • 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 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.
      • 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 November 15
    • Data and Technology
      • Next Meeting:  October 31 @ 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
      • October 25, 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, November 20, 2018 @ 11:00 am ET. 

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