January 15, 2019: Back Office Committee Meeting Agenda

Meeting Agenda 

  • DTCC Updates
    • DTC Updates
      • January 3, 2019: 10353-19 - Account Number Format Change
      • December 31, 2018: 10298-18 - Changes to DTC Collateral Haircuts
      • December 26, 2018: 34-84954 - Notice of Designation of Longer Period for Commission Action on Proposed Rule Change to Amend the Settlement Guide Procedures to Provide Status Information for Institutional Transactions to a Matching Utility
      • December 21, 2018: 34-84949 - Notice of Filing and Immediate Effectiveness of Proposed Rule Changes to Revise the Clearing Agency Investment Policy 
      • December 20, 2018: B10277-18 - REVISE THE SERVICE GUIDE FOR THE CANADIAN-LINK SERVICE
    • FICC Updates
      • December 13, 2018: GOV545-18 - Submission of Rule Filing SR-FICC-2018-013 and Advance Notice Filing SR-FICC-2018-802 – Expansion of Sponsoring Member Eligibility and Other Changes
      • December 11, 2018: GOV547-18 - FICC Anticipated 2019 Holiday Schedule
    • NSCC Updates
      • January 2, 2019: a8663 - Obligation Warehouse RECAPS Schedule January 2019
      • December 21, 2018: a8657 - PCF ENHANCEMENTS TO SUPPORT MULTIPLE BASKETS, ORDER CUSTOMIZATION, AND CLEARANCE OF ETFS WITH CORPORATE AND MUNICIPAL BOND COMPONENTS
      • December 19, 2018: a8658 - ENHANCED SECURITY CONTROLS FOR INBOUND FILE SUBMISSIONS
  • OCC
    • January 7, 2019: OCC Training Sessions
    • December 19, 2018: 2019 Holiday and Expiration Schedule
  • FINRA Updates
    • Tick Size Pilot
      • December 27, 2018: FINRA Appendix BI and BII Data Re-published on December 27th 2018
    • Additional FINRA Updates
      • December 31, 2018:  2018 FINRA Cybersecurity Report 
      • December 18, 2018: Regulatory Notice 18-42 - FINRA Announces Updates of the Interpretations of Financial and Operational Rules
      • December 12, 2018: SR-FINRA-2018-041 - Rule change to make technical revisions and one minor correction to the Supplemental Statement of Income (“SSOI”) required to be filed pursuant to FINRA Rule 4524 (Supplemental FOCUS Information). The technical revisions would conform the SSOI with amendments to SEC Form X-17A-5 (the “FOCUS Report”) that the SEC has adopted
  • MSRB
    • January 3, 2019: Request for Comment on Draft Interpretive Guidance on Application of MSRB Rules to Certain Prearranged Trading in Connection with Primary Offerings
    • December 17, 2018: 34-84837 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to the MSRB's Facility for the Electronic Municipal Market Access System (EMMA)
  • TMPG
    • January 8, 2019: The TMPG has published a press release encouraging implementation of the best practice recommendations on information handling: https://www.newyorkfed.org/TMPG/information-handling.html
    • December 4, 2018: TMPG Meeting Agenda available.
  • CAT
    • Industry Updates on the CAT - Recordings Uploaded to the News Section of https://www.catnmsplan.com/ 
    • ThesysCAT distributed an email notification to firms subject to CAT 
  • SEC
    • December 21, 2018: BHCA-5 - Proposed Revisions to Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds.
    • December 19, 2018: 34-84861 - Risk Mitigation Techniques for Uncleared Security-Based Swaps
    • December 19, 2018: S7-05-18 - Transaction Fee Pilot for NMS Stocks
  • FIF Working Group Updates: Please click here to Join Working Groups.

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      • Consolidated Audit Trail (CAT)
        • January, 2019:  FIF continues to meet weekly with the CAT Tech Spec Requirements Working Group to discuss CAT implementation scenarios
        • January, 2019:  FIF will participate in a working session with the SROs on FDID.
        • FIF submitted a list of issues to the SROs/ThesysCAT pertaining to the final CAT Technical Specification
        • January 8, 2019:  FIF held a CAT Working Group meeting discussing the SRO Proposed Option Origin Code and did an overview of spec issues raised with the SROs and next steps 
        • December 21, 2018:  FIF submitted a list of issues to the SROs/ThesysCAT pertaining to the final CAT Technical Specification
        • December 21, 2018:  The SROs presented revised Options Origin Codes to be incorporated in the next iteration of the CAT tech spec
        • December 11, 2018:  FIF submits comments 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 commentsto the SROs, SEC, and ThesysCAT on V0.6 of the industry member tech spec
        • CAT NMS Plan Website
      • 606 Working Group
        • January 14, 2019 - FIF presented an updated version of the SEC meeting materials with the FIF 606 Working Group.  
        • January 7, 2019 - Reviewed a draft version of the presentation to be discussed with SEC Staff during a scheduled in-person meeting on Thursday, January 24th
        • December 11, 2018 - FIF participated in an open call hosted by the Security Traders Association highlighting the recent amendments to SEC Rule 606
      • 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

        • January 11, 2018 - FIF and SIFMA held a meeting to continue the discussion of possible LTID Phase 3 solutions.
        • January 4, 2018 - FIF and SIFMA met to continue the discussion of LTID Phase 3
        • December 20, 2018 - FIF and SIFMA met to continue whiteboarding of possible LTID Phase 3 solutions
        • December 13, 2018 - FIF and SIFMA continued analysis of LTID 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 February 7th 
      • Cloud Technology Working Group
        • We will hold our next meeting in February
      • Data and Technology
        • Next Meeting: January 30th
      • 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
        • Our next meeting will be on January 31st where we will focus on Finra's 2018 year-in-review report
        • 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)

Next Meeting Date: Tuesday, February 19, 2019 @ 11:00 am ET. 

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