November 20, 2018 - Back Office Committee Meeting Agenda

Meeting Details  

  • When: Tuesday, November 20, 2018 @ 11:00 am ET

Meeting Agenda 

  • DTCC Updates
    • DTC Updates
      • October 29, 2018: 9979-18 - OCC Hedge Deliver Orders
      • October 25, 2018: 9970-18 - Upcoming Enhancements to Corporate Actions Web (CA Web)
      • October 19, 2018: 34-84458 - Notice of Filing and Immediate Effectiveness of Proposed Rule Changes to Amend the Clearing Agency Frameworks
      • October 15, 2018: 34-84426 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend the Clearing Agency Policy on Capital Requirements and the Clearing Agency Capital Replenishment Plan
      • October 1, 2018:  Overview of the DTC Fee Schedule
    • FICC Updates
      • November 1, 2018: GOV489.18 - Foreign affiliate trading reporting requirement – Reminder
      • October 18, 2018: MBS628-18 - FICC Thanksgiving Day Holiday Schedule
    • NSCC Updates
  • OCC
    • November 5, 2018: New Options on Futures Contrary Report
    • October 31, 2018: 2018 Supplement to the Options Disclosure Document
    • October 24, 2018: Standards for Designating Clearing Members Required to Participate in Business Continuity and Disaster Recovery Testing
  • FINRA Updates
    • Additional FINRA Updates
      • November 5, 2018: Regulatory Notice 18-38 - Amendments to the SEC’s Financial Reporting Requirements—eFOCUS System Updates and Annual Audit Requirements
      • October 19, 2018: Regulatory Notice 18-36 - FINRA Amends Capital Acquisition Broker Rule 331 to Conform to FinCEN’s Final Rule on Customer Due Diligence Requirements for Financial Institutions
      • October 16, 2018: Regulatory Notice 18-35 - SEC Approves Rule Change to Modify the Dissemination Protocols for Agency Debt Securities
  • MSRB
    • October 29, 2018: 34-84496 - Notice of Filing of a Proposed Rule Change Concerning Certain Data Elements on Form G-45 under MSRB Rule G-45, on Reporting of Information on Municipal Fund Securities
  • TMPG
    • October 23, 2018: TMPG Meeting Agenda available.
  • CAT
    • Industry Updates on the CAT - Recordings Uploaded to the News Section of 
    • October 30, 2018: ThesysCAT publishes the CAT Reporting Technical Specifications for Industry Members
  • SEC
    • November 6, 2018: Exchange Act 3a1-1 and Regulation ATS (Technical Correction)
    • November 2, 2018: Disclosure of Order Handling Information
    • October 11, 2018: 34-84409 - Capital, Margin, and Segregation Requirements for Security-Based Swap Dealers and Major Security-Based Swap Participants and Capital Requirements for Broker-Dealers
    • May 18, 2018 - DOL/SEC to re-examine the promulgation of the DOL/SEC Fiduciary Rule in 2019.
  • FIF Working Group Updates: Please click here to Join Working Groups.
    • Consolidated Audit Trail (CAT)
      • November 14, 2018:  Held an in-person deep dive with the SROs on FDID
      • November 7, 2018: Held an in-person deep dive with SROs on Phase 2c Rep Order Linkage
      • November 6, 2018: Launched the FIF CAT Tech Spec Requirements Working Group to review the final spec that came out on 10/30
      • October 23, 2018:  FIF participated in an in-person working session with the SROs/ThesysCAT to discuss Manual Route Events
      • October 18, 2018:  FIF met with the FIF FDID subgroup to discuss the draft materials on the industry's FDID recommendations.
      • October 15, 2018:  FIF convened their CAT options subgroup to discuss phase 2b options scope
      • October 9, 2018:  FIF provided detailed recommendations on CAT Error Correction/File Submission Expectations
      • October 8, 2018:  FIF engaged in a deep dive discussion with the SROs on Manual Route Events
      • October 1, 2018:  FIF submitted detailed spec review summaries and commentsto the SROs, SEC, and ThesysCAT on V0.6 of the industry member tech spec
      • September 26, 2018:  FIF completed review of the V0.6 of the industry member technical specification
      • September 21, 2018: FIF had a deep dive discussion with the SROs on FDID
      • 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.
      • 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
      • March 29, 2018: FIF submitted a comment letter to Thesys CAT on the CAT Industry Member Spec.
      • CAT NMS Plan Website
    • 606 Working Group - FIF launced a 606-focused working group to assist firms with the implementation requirements of SEC Rule 606.  If you would like to join this working group, please email the program office at
    • OTC Equity Trading (FINRA Reg Notice 18-28)
      • November 9, 2018 - FIF submitted comments on FINRA Reg Notice 18-28, focusing on the Rule Proposal's requirement of mandating firms that operate an SDP obtain an MPID to report SDP activity.  To view the comment letter, please click here.
    • LTR Phase 3 Retirement 
      • November 15, 2018 - The SEC did not grant FIF's request for relief from the November 15, 2018 LTR Phase Three compliance date.
    • Cost Basis Working Group
      • We will hold our next meeting on December 6 
    • Cloud Technology Working Group
      • We will hold our next meeting on November 30th 
    • Data and Technology
      • Next Meeting:  November 28, 2018
    • 600/606 Working Group
      • On Friday, November 2nd, the SEC issued a final rule require additional disclosures by broker-dealers to customers regarding the handling of their orders. FIF is forming a working group to assist firms with the implementation of the new disclosure of Order Handling Information rules.  If you would like to join this working group, please update your profile here or send an email to
    • Retail Execution Quality
      • FIF 605 Subgroup representatives met with SEC Staff on Tuesday, October 30th to discuss the subgroup's recommendations of rule 605 reform.  Please click here to view the draft recommendations.  
    • FIF Cybersecurity Working Group
      • November 29, 2018 we will hold our next 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, December 11, 2018 @ 11:00 am ET. 

Financial Information Forum
Phone: +1 212 422 8568
Fax: +1 212 422 8570