April 16, 2019: Back Office Committee Meeting Agenda

Meeting Details  

  • When: Tuesday, April 16, 2019 @ 11:00 am ET

Meeting Agenda 

  • CAT
    • April 10, 2019: Industry Update on the Consolidated Audit Trail Focusing on the Firm Designated Identifier (“FDID”)
    • April 3, 2019: Industry Update on CAT Reporting Technical Specifications - Recording and Presentation
    • March 29, 2019: CAT NMS LLC Posts New Draft Version of CAT Reporting Technical Specifications for Industry Members
    • March 26, 2019: CAT Alert 2019-01 – Alternative Trading System (“ATS”) Order Type Identifier Registration
    • March 19, 2019: Industry Update on Consolidated Audit Trail Registration - Recording and Presentation
    • March 18, 2019: Consolidated Audit Trail Registration Now Open
  • DTCC Updates
    • DTC Updates
      • April 3, 2019: 11210-19 - Corporate Actions (CA) Cash Claims Application — Proof of Concept Testing
      • March 29, 2019: B11144-19 - DTC Proposed Rule Change – Amendment to Operational Arrangements Relating to Transfer Agent and Trustee Notices (SR-DTC-2019-001)
    • FICC Updates
      • March 29, 2019: GOV618-19 - Approval of Rule Filing SR-FICC-2018-013 and Advance Notice Filing SR-FICC-2018-802 – Expansion of Sponsoring Member Eligibility and Other Changes
      • March 27, 2019: GOV628-19 - FICC Good Friday Holiday Schedule
      • March 25, 2019: GOV620-19 - Submission of Rule Filing SR-FICC-2019-001 – Amendments to the GSD and MBSD QRM Methodology Documents and the MBSD Clearing Rules
    • NSCC Updates
      • March 22, 2019: a8687 - MF Info Xchange Service Enhancements
      • March 15, 2019: a8667r - REVISION - AIP TO SUPPORT THE TRANSMISSION OF MULTIPLE FUND ACKNOWLEDGEMENTS FOR REDEMPTION PROCESSING & TENDER OFFER ENHANCEMENTS
  • FINRA Updates
    • NMS
      • April 5, 2019: SR-FINRA-2019-010 - Proposed Rule Change to Extend the Pilot Period Related to FINRA Rule 6121.02 (Market-wide Circuit Breakers in NMS Stocks)
    • Tick Size Pilot
      • April 11, 2019: FINRA Re-publishes Appendix C.II. Data for March 2017
    • TRACE
      • March 26, 2019: 34-85420 - Order Approving Proposed Rule Change to Allow the Publication or Distribution of Aggregated Transaction Information and Statistics on Certain Non-Disseminated TRACE-Eligible Securities
    • NYSE
      • April 10, 2019: 34-85589 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Adopt Remaining Legacy NASD and Incorporated NYSE Rules as FINRA rules
    • Additional FINRA Updates
      • April 12, 2019: Regulatory Notice 19-12 - FINRA Requests Comment on a Proposed Pilot Program to Study Recommended Changes to Corporate Bond Block Trade Dissemination
      • April 9, 2019:   Regulatory Notice 19-11 - FINRA announces update of the interpretations of financial and operational rules.
      • March 27, 2019: SR-FINRA-2019-008 - Proposed Rule Change to Establish a Corporate Bond New Issue Reference Data Service
  • MSRB
    • April 9, 2019: In its ongoing commitment to provide quality, municipal market education to the public, the Municipal Securities Rulemaking Board (MSRB) launched the MSRB Podcast—a new series about the regulatory and market structure of the largest source of infrastructure financing in the United States.
  • SEC
    • March 29, 2019:  SEC suspends the Transaction Fee Pilot
  • TMPG
    • March 13, 2019: TMPG Encourages Market Attention to Best Practice Recommendations During the Transition to UMBS
    • March 7, 2019: TMPG Meeting Agenda available.
  • OCC 
    • April 1, 2019: Section 31 Transaction Fee Update
    • March 28, 2019: 34-85441 - Notice of Filing of Proposed Rule Change to Require that an Actionable Identifier be Included on Customer and Non-Customer Securities Options Trades Other than Market Maker Trades
    • March 28, 2019: 34-85440 - Notice of Filing of Proposed Rule Change Related to The Options Clearing Corporation's Margin Methodology for Volatility Index Futures
  • FIF Working Group Updates: Please click here to Join Working Groups
    • Consolidated Audit Trail (CAT)
      • April 16, 2019:  FIF joined industry members/SROs in an in-person meeting on CAT encryption, connectivity, and submission.
      • April 5, 2019:  FIF held a CAT Tech Specs Requirements Working Group Meeting
      • April 5, 2019:  FIF held an options focused CAT Tech Spec Requirements Working Group meeting
      • April 4, 2019:  FIF held a CAT Working Group meeting. 
      • April 3, 2019: FIF held a CAT Tech Spec Requirements Working Group meeting.
      • April 2, 2019:  FIF submitted a Comment Letter to the SROs on the current CAT implementation schedule and remaining risks.  
      • March 14, 2019: FIF attended an in-person Error Feedback and Correction Working Session with the CAT NMS team.
      • 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.
      • December 11, 2018:  FIF submitted comments to the Commission on the current status of CAT.
      • 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
      • April 11, 2019 - FIF met with SEC Trading and Markets staff to discuss remaining SEC Rule 606 challenges
      • April 3, 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.
    • FIF FINRA Rule 4370 (BCP) Working Group
      • FIF submitted the final draft of the comment letter to working group members for approval.
    • Cost Basis Working Group
      • We will hold our next meeting on May 2nd.
      • We discussed complex debt issued in foreign currency and subject to OID at our last meeting.
    • Cloud Technology Working Group
      • We will hold our next meeting on Friday, May 3rd @ 2:00 pm et. 
      • At our last meeting we were treated to a spotlight topic by Ed Featherston from HPE who ran us through use cases and lessons learned from his many cloud migration consultations. 
    • Data and Technology
      • Next Meeting: April 24th.
      • On our last call the spotlight topic was focused on updates to the OPRA Trade Message Codes and Testing Opportunities with SIAC.
    • Retail Execution Quality
      • FIF held a meeting on March 1. 
      • 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, May 14, 2019 @ 11:00 am ET. 

__________________
Financial Information Forum
fifinfo@fif.com
Phone: +1 212 422 8568
Fax: +1 212 422 8570
FIF URL: www.fif.com