December 11, 2018 - Back Office Committee Meeting Agenda

Meeting Details  

  • When: Tuesday, December 11, 2018 @ 11:00 am ET

Meeting Agenda 

  • DTCC Updates
    • DTC Updates
      • December 3, 2018: B10146-18 - New DTCC Corporate Actions Inquiry Hotline Available Beginning January 2, 2019
      • December 3, 2018: 10145-18 - DTC Settlement Anticipated Holiday Schedule: 2019
      • December 3, 2018: 10143-18 - Holiday Schedule: Christmas Day 2018
      • November 29, 2018: B10110-18 - DTC PROPOSED RULE CHANGE FILING – AMEND SETTLEMENT SERVICE GUIDE PROCEDURES TO PROVIDE STATUS INFORMATION FOR INSTITUTIONAL TRANSACTIONS TO A MATCHING UTILITY (SR-DTC-2018-010)
    • FICC Updates
      • December 2018: Final Proposal to Expand GSD's DVP Service: Same-Day Settling Service Overview
      • November 30, 2018: GOV539-18 - FICC New Year’s Day Holiday Schedule
      • November 26, 2018: MBS639-18 - Submission of Proposed Rule Change SR-FICC-2018-012 – Proposed Fee Changes.
    • NSCC Updates
      • December 3, 2018: A8651 - New York State Stock Transfer Rebate Program
      • November 30, 2018: a8647 - Launch of MF Info Xchange Service
  • OCC
    • December 3, 2018: Margin Modeling Enhancements
    • November 28, 2018: Clearing Member Notification Requirements
  • FINRA Updates
    • TRACE
      • December 3, 2018: TRACE for Securitized Products API Specification Update 
    • Additional FINRA Updates
      • December 7, 2018:  FINRA releases a report on their annual examination findings.
      • November 30, 2018: SR-FINRA-2018-039 - Proposed Rule Change Relating to FINRA Rule 4570 (Custodian of Books and Records) - Updated
      • November 28, 2018: SR-FINRA-2018-040 - Proposed Rule Change Relating to FINRA Rule 4512 (Customer Account Information)
  • MSRB
    • November 28, 2018: SEC Approves Amendments to MSRB Rule G-3 to Establish a Municipal Advisor Principal Qualification Examination
  • TMPG
    • December 4, 2018: TMPG Outreach on Clearing and Settlement
    • December 4, 2018: TMPG Meeting Agenda available.
  • CAT
    • November 15, 2018:  CAT FAQs - The CAT NMS Plan Operating Committee pubished additional interpretative and technical FAQs.
    • December 4, 2018:  CAT Alert 2018-004 - CAT NMS Plan Operating Committee publishes guidance related to the linking obligations of industry members that report an Order Route Event to reflect the routing of an order to a national securities exchange.
    • Industry Updates on the CAT - Recordings Uploaded to the News Section of https://www.catnmsplan.com/ 
  • SEC
    • November, 2018: SEC Rule 606 - SEC publshes the XML schema, sample reports, and a Rule 606 PDF Report Generator.  Please find the zip file here.
  • FIF Working Group Updates: Please click here to Join Working Groups.
      • Consolidated Audit Trail (CAT)
        • FIF submitted a list of 129 issues to the SROs/ThesysCAT pertaining to the final CAT Technical Specification
        • December 6, 2018:  FIF held a CAT Working Group meeting discussing the SROs revised FDID approach, the Error Correction Process, and the proposed letter to the Commission on the current status of CAT
        • November 28, 2018:  FIF attended an in-person discussion with the SROs on Industry Testing and Error Correction
        • November 27, 2018:  Held a CAT Tech Specs Requirements Working Group Meeting
        • 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 1, 2018:  FIF submitted detailed spec review summaries and comments to the SROs, SEC, and ThesysCAT on V0.6 of the industry member tech spec
        • CAT NMS Plan Website
      • 606 Working Group - FIF launched 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 fifinfo@fif.com
        • December 11, 2018 - FIF will be participating in an open call hosted by the Security Traders Association highlighting the recent amendments to SEC Rule 606
        • December 7, 2018 - FIF held a SEC Rule 606 working group meeting discussing various implementation concerns.
      • 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
        • December 6, 2018 - FIF and SIFMA held a joint working group call on LTR Phase 3 Contingency Planning
      • Cost Basis Working Group
        • We will hold our next meeting on January 10th 
      • Cloud Technology Working Group
        • We will hold our next meeting on December 13th
      • Data and Technology
        • Next Meeting:  December 19, 2018
      • 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
        • Held our last meeting of the year on November 29th, focusing on a SEC report on email spoofing and other current events. 
      • 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)
    • FIF Year-End Event
      • FIF will be holding a year-end event on Wednesday, December 19th at Bloomberg's Offices 

 

Next Meeting Date: Tuesday, January 15, 2019 @ 11:00 am ET. 

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