February 19, 2019: Back Office Committee Meeting Agenda

Meeting Details  

  • When: Tuesday, February 19, 2019 @ 11:00 am ET

Meeting Agenda 

  • Spotlight Topic - a8672 - ACATS MODERNIZATION/SHORTENED CYCLE INITIATIVE – SCOPE AND SCHEDULE CHANGE UPDATE.
  • DTCC Updates
    • DTC Updates
      • February 5, 2019: 10536-19 - Q&A Review Sessions Covering Reorganizations Functionality of Corporate Actions Web (CA Web).
      • January 23, 2019: 10513-19 - Upcoming Enhancements to Corporate Actions Web (CA Web).
    • FICC Updates
      • February 6, 2019: GOV582-19 - Revised Hours of Operation for the Fixed Income Clearing Corporation (“FICC”) GSD Real-Time Trade Matching (RTTM®) PSE Test Regions.
      • January 24, 2019: MBS661-19 - REMINDER: Single Security – MBSD Mandatory Testing.
      • January 24, 2019: GOV578-19 - Government Securities Division’s Capped Contingency Liquidity Facility® (CCLF®) – Changes to the Liquidity Buffer and Look-Back Period - Effective as of February 8, 2019.
    • NSCC Updates
      • January 22, 2019: a8670 - Important Reporting Requirements - Counterparty Credit Risk Management.
      • January 18, 2019: a8667 - AIP To Support The Transmission Of Multiple Fund Acknowledgements For Redemption Processing.
  • OCC
    • January 30, 2019: Clearing Member Cash Withdrawal Requests.
  • FINRA Updates
    • Tick Size Pilot
      • February 4, 2019: Tick Size Pilot Market Maker Transaction Reporting to End on April 2, 2019.
      • January 16, 2019: FINRA Re-publishes Appendix C.II. Data for October 2018.
      • January 16, 2019: Tick Size Pilot Data Collection to End on April 2, 2019.
    • TRACE
      • January 22, 2019: Trade Reporting Notice – 1/22/19 - TRACE Reporting of OTC Transactions in Listed Bonds
    • OATS
      • January 22, 2019: Updates to OATS Reporting Technical Specifications
    • FINRA Rule 4210 - Margin Requirements
      • January 29, 2019: SR-FINRA-2019-005 - Proposed Rule Change to Extend the Implementation Date of Certain Amendments to FINRA Rule 4210 Approved Pursuant to SR-FINRA-2015-036
    • Additional FINRA Updates
      • February 13, 2019 - Information Notice 2/13/19 - FINRA warns of fraudulent phishing emails targeting member firms
      • January 29, 2019: SR-FINRA-2019-003 - Proposed Rule Change Relating to FINRA Rule 6750 (Dissemination of Transaction Information)
      • January 17, 2019: Information Notice – 1/17/19 - October 2018 Supplement to the Options Disclosure Document
  • MIAX
    • February 12, 2019: MIAX Emerald Exchange’s Participant ID is “D”.  MIAX Emerald will follow all OPRA/SIAC formats. The MIAX EMERALD launch date is scheduled for March 1, 2019. Member Firm and Industry Testing will take place on Saturday, February 23, 2019. The OPRA specifications have been revised to include MIAX Emerald as a new Participant in OPRA.  Please reference the latest specifications, which may be obtained at the website:  https://secure.ice/?www.opradata.com
  • MSRB
    • February 5, 2019: The Municipal Securities Rulemaking Board (MSRB) announced key rules it plans to review in 2019 as part of its ongoing retrospective rule review, which is focused on ensuring MSRB rules are effective, up-to-date and reflective of current market practices. Read the press release
    • January 28, 2019: MSRB Extends Effective Date for Amendments to MSRB Rule G-21 and New MSRB Rule G-40
  • TMPG
    • January 15, 2019: TMPG Meeting Agenda available.
  • CAT
    • February 13, 2019:  The CAT NMS Plan Operating Committee distributed a notice providing the contact details for the transitional CAT Help Desk.
    • February 8, 2019:  The CAT NMS Plan Operating Committee announced that it will be holding an industry-wide webinar addressing the CAT Transition plan for Wednesday, February 20 at 4:15 pm et.  For dial in details, please click here
    • February 1, 2019: CAT NMS, LLC confirms that it is transitioning the Consolidated Audit Trail ("CAT") project to a new Plan Processor
  • FIF Working Group Updates: Please click here to Join Working Groups
      • Consolidated Audit Trail (CAT)
        • February 14, 2019:  FIF held a CAT Working Group Meeting
        • February 13, 2019:  FIF held a CAT Tech Spec Requirements Working Group meeting
        • February 4, 2019: FIF submitted a comment letter on the CAT transitional period to the CAT Leadership Committee
        • February 4, 2019: FIF held a CAT Working Group meeting on the news of the plan processor being replaced.
        • January, 2019:  FIF participated 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:  The SROs presented revised Options Origin Codes to be incorported in the next iteration of the CAT tech spec
        • December 11, 2018:  FIF submited comments to the Commission on the current status of CAT.
        • 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
        • February 13, 2019 - FIF held a working group meeting to review a follow-up comment letter to be submitted to the Commission on remaining 606 reporting challenges.
        • February 7, 2019 - FIF held a working group meeting discussing feedback received from the Commission and next steps.
        • February 5, 2019 - FIF met with the SEC Trading and Markets staff to discuss challenges and recommendations attributed to the Amended Rule 606.
        • February 4, 2019 - FIF presented the final version of the SEC meeting materials with the FIF 606 Working Group.  
        • January 30, 2019 - FIF submitted a comment letter to the SEC raising several challenges with respect to Amended Rule 606 implementation. 
        • December 11, 2018 - FIF participated in an open call hosted by the Security Traders Association highlighting the recent amendments to SEC Rule 606.
      • LTR Phase 3
        • February 14, 2019 - FIF and SIFMA held a meeting to continue the discussion of possible LTID Phase 3 solutions
        • February 7, 2019 - FIF and SIFMA held a meeting to discuss solutions to meeting current LTR Phase 3 requirements. 
      • Reg ATS-N Subgroup
        • February 15, 2019 - FIF held a Reg ATS-N subgroup meeting.  The objective of this meeting was to gather feedback on ATSs initial experence reporting Reg ATS-N disclosures as well as eliciting feedback to be submitted to the SEC.
      • Cost Basis Working Group
        • We will hold our next meeting on March 7th 
        • February 7, 2019 - FIF held a Cost Basis Workign Group Meeting in which tax reporting of cryptocurrency and 305c was discussed. 
      • Cloud Technology Working Group
        • We will hold our next meeting on February 25th
      • Data and Technology
        • Next Meeting: February 27th
      • Retail Execution Quality
        • February 28, 2019:  FIF will hold a Retail Execution Quality Meeting 
        • FIF submitted comments to the SEC requesting that the Commission review and issue a formal request for comment pertaining to FIF's Rule 605 Modernization Recommendations.  
        • 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 February 28th
        • Held our last meeting of the year on January 31st, focusing on Finra's 2018 year-in-review report
      • 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, March 26, 2019 @ 11:00 am ET. 

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