March 26, 2019: Back Office Committee Meeting Agenda

Meeting Details  

  • When: Tuesday, March 26, 2019 @ 11:00 am ET

Meeting Agenda 

  • Spotlight Topic - California Consumer Privacy Act
  • DTCC Updates
    • DTC Updates
      • March 11, 2019: B10778-19 - DTC Proposed Rule Change to amend the DTC Canadian Dollar Service Guide
      • March 11, 2019: 34-85288 - Order Instituting Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change to Amend the Settlement Guide Procedures to Provide Status Information for Institutional Transactions to a Matching Utility
    • FICC Updates
      • March 6, 2019: MBS682-19 - EPN Rewrite Testing for Releases 1 and 2 
      • March 1, 2019: MBS676-19 - Single Security – MBSD Mandatory Testing Deadlines
      • March 14, 2019: GOV611-19 - Federal Reserve Bank to Enhance the Automated Claim Adjustment Process (ACAP)
    • NSCC Updates
      • March 5, 2019: a8688 - 2019 BUSINESS CONTINUITY TESTING
      • February 26, 2019: a8683 - Mutual Fund Networking Enhancements – Account Conversion/
        Update Records & Additional Cycle for 529 Aggregator File
      • February 20, 2019: 8682 - I&RS 2019 March Enhancement Release
  • FINRA Updates
    • BCP
      • February 25, 2019: Regulatory Notice 19-06 - FINRA Requests Comment on the Effectiveness and Efficiency of Its Rule on Business Continuity Plans and Emergency Contact Information
    • OATS
      • March 11, 2019: OATS Reporting Technical Specifications  (3/11/2019)
    • Additional FINRA Updates
      • March 13, 2019 - FINRA Board Meeting Update
      • February 27, 2019: 34-85209 - Order Approving Proposed Rule Change Relating to FINRA Rule 4570 (Custodian of Books and Records)
  • MSRB
    • March 22, 2019: Proposed rule changes with the SEC related to MSRB Rule G-11, on primary offering practices, and MSRB Rule G-32, on disclosures in connection with primary offerings
    • February 27, 2019: Request for Comment on MSRB Rule G-34 Obligation of Municipal Advisors to Apply for CUSIP Numbers When Advising on Competitive Sales
    • February 27, 2019: 34-85206 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to the MSRB's Facility for the Short-Term Obligation Rate Transparency (SHORT) System to Modernize and Consolidate the Information Facility for the SHORT System
  • SEC
    • February 27, 2019: Amendments to the Timing Requirements for Filing Reports on Form N-PORT
  • TMPG
    • March 7, 2019: TMPG Meeting Agenda available.
  • Dept of Homeland Security 
    • Upcoming Global Positioning System Week Number Rollover Event
  • CAT
    • March 12, 2019: Industry Update on Consolidated Audit Trail Registration
    • March 7, 2019: FINRA CAT Helpdesk Becomes Operational
    • February 28, 2019: CAT NMS, LLC. Appoints New Member to the Advisory Committee
    • February 28, 2019: Industry Member Technical Specifications and Scenerios v1.1
    • February 27, 2019: CAT NMS Selects FINRA as Consolidated Audit Trail Plan Processor
    • February 20, 2019: Industry Update on CAT - Presentation & Recording
  • FIF Working Group Updates: Please click here to Join Working Groups
    • Consolidated Audit Trail (CAT)
      • March 14, 2019: FIF attended an in-person Error Feedback and Correction Working Session with the CAT NMS team.
      • March 13, 2019:  FIF held a CAT Tech Spec Requirements Working Group meeting.
      • March 12, 2019:  FIF held a CAT 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.
      • November 28, 2018:  FIF attended an in-person discussion with the SROs on Industry Testing and Error Correction.
      • 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
      • March 22, 2019 - FIF held a FIF SEC Rule 606 Working Group Meeting
      • February 20, 2019 - FIF submitted a comment letter to the SEC discussing Rule 606 challenges
      • 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 significant Rule 606 implementation challenges.
      • 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 21, 2019 - FIF and SIFMA held a meeting with the delegates who will be attending the meeting with Commission Staff in March.
      • February 14, 2019 - FIF and SIFMA held a meeting to continue the discussion of possible LTID Phase 3 solutions.
    • Cost Basis Working Group
      • We will hold our next meeting on April 4th.
      • We discussed complex debt issued in foreign currency and subject to OID accrual at our last meeting.
    • Cloud Technology Working Group
      • We will hold our next meeting on Thursday, March 28 @ 2:00 pm et. 
      • At our last meeting we discussed cloud contracts, data portability, encrypted data and goals for 2019. 
    • Data and Technology
      • Next Meeting: March 27th.
      • On our last call the spotlight topic was CATs current transitional period, and it was presented by Jeff Wells from the CAT Operating Committee.
    • Retail Execution Quality
      • FIF will held a working group meeting on Friday, March 1 @ 11:00 am et.
      • 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 April 25th.
      • FIF held a meeting on March 21st, focusing on a memo from the Department of Homeland Security and on a GCA Cybersecurity Toolkit for small to medium sized businesses. 
    • 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, April 16, 2019 @ 11:00 am ET. 

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

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