September 26, 2017 - FIF Front Office Meeting Agenda

Meeting Agenda

  • FINRA Updates
    • CAT
      • September 20, 2017: Consolidated Audit Trail (CAT) Industry Call for FINRA Small Firm Members on 9/27 @ 4:15
    • ORF
      • September 20, 2017: Revised ORF Reporting Platform Specification 
      • September 14, 2017: ORF Specification Updates 
      • August 30, 2017: Reminder: Trade Reporting and T+2 Settlement
      • August 28, 2017: Programmatic Download of API Files 
    • TRACE
      • August 16, 2017: Transparency Services Forms Updates
    • Additional FINRA Updates
      • September 19, 2017: SR-FINRA-2017-029 - Proposed Rule Change to Delay the Implementation Date of Certain Amendments to FINRA Rule 4210 (Margin Requirements) Approved Pursuant to SR-FINRA-2015-036
      • August 24, 2017: SR-FINRA-2017-028 - Proposed Rule Change to Implement a New Electronic Form 211
      • August 17, 2017: SR-FINRA-2017-026 - Rule change to address the application of FINRA Rule 11140 (Transactions in Securities “Ex-Dividend,” “Ex-Rights” or “Ex-Warrants”) as it relates to establishing ex-dividend dates in connection with the implementation of the T+2 settlement cycle on September 5, 2017
      • March, 2017:  Reg Notice 17-11 - SEC approves new rule 2165 and amendments to rule 4512 regarding Financial Exploitation of Seniors.
  • SEC
    • Additional SEC Updates
      • September 13, 2017: SEC Release No 33-10413 - Adoption of Updated EDGAR Filer Manual.
      • September 12, 2017: SEC Release 33-10412 - Investor Advisory Committee Meeting.
  • SROs
    • CAT
      • September 8, 2017: Industry Update on the Consolidated Audit Trail
      • September 7, 2017:  Thesys CAT LLC released first draft of Industry Member Technical Specification
      • August 31, 2017: Nasdaq Industry Update on the Consolidated Audit Trail
      • August 30, 2017:  SEC Release No 34-81500 - Order approving proposed rule changes to adopt a Consolidated Audit Trail Fee Dispute Resolution Process.
      • August 30, 2017: SR-FINRA-2017-013 -  Order Instituting Proceedings to Determine Whether to Approve or Disapprove the Proposed Rule Changes, as Modified by Amendments Thereto, to Eliminate Requirements That Will Be Duplicative of CAT.
  • T+2
    • August 30, 2017: SEC T+2 Guidance on Reg SH
    • August 24, 2017: SEC Investor Bulletin on T+2 - What Investors Need to Know
  • FIF Working Group Updates: Please click here to Join Working Groups.
    • Consolidated Audit Trail (CAT)
      • Sept 27-Oct 13, 2017:  FIF will be holding working group meetings every Monday, Wednesday, and Friday to continue our ongoing review of the Industry Spec to provide iterative feedback to Thesys CAT, LLC.
      • September 27, 2017:  FIF will hold a working group session covering issues raised regarding the SRO Rule Filings on Retirement of Duplicative Reporting Systems.
      • September 25, 2017:  FIF held an outreach session with Thesys, covering new order events
      • September 25, 2017:  FIF held a working group meeting on review of CAT Industry Member Specification
      • September 25, 2017: FIF held a Quarterly Event, sponsored by Morgan Stanley.
      • September 19, 2017: FIF held a working group meeting in response to SEC notice on whether to approve SRO retirement plans.
      • September 7, 2017:  Thesys CAT LLC released first draft of Industry Member Technical Specification
      • September 7, 2017:  FIF participated in Industry Outreach Meeting with Thesys CAT LLC.
      • July 7, 2017: FIF/SIFMA/STA held a joint industry outreach call with Thesys CAT LLC
      • CAT NMS Plan Website
    • Tick Sized Pilot WG
      • August 28, 2017:  FINRA will begin reporting B.1, B.II, and B.IV data.
    • MSRB Rule G-34 Meeting on changes to CUSIP Requirements
      • September 12, 2017:  FIF held a call on the review of proposed changes to MSRB Rule G-34 affecting municipal dealers acting as a placement agent.
    • Large Trader Rule Phase 3
      • September 15, 2017:  FIF team met with SEC staff regarding Nov 1, 2017 LTR Phase 3 Compliance Date.
      • September 13, 2017:  FIF submitted a comment letter to the SEC reiterating our position that LTR Phase 3 should be eliminated or, alternatively, the compliance date should be postponed for three years to November 1, 2020.
    • Mark-Up/Mark-Down WG
      • July 12, 2017:  MSRB released FAQs/Guidance on confirms and PMP Calculation 
      • July 12, 2017:  FINRA released FAQs on rule enhancements to Fixed Income Confirmation Disclosures.
    • Cost Basis Working Group
      • The next Cost Basis Working Group meeting will be held on Thursday, October 12 @ 11:00 am ET.
    • Data & Technology
      • Next Meeting:  October 25, 2017 @ 10:30 am ET
    • Retail Execution Quality
      • FIF to add marketable limits to Retail Execution Quality Statistics 
    • Reg SCI Working Group
      • Next Meeting, September 28th @ 3:00 PM ET.
    • FIF Industry Solutions Offering
      • Visit the FIF Industry Solutions Page for the Latest Products & Services from Fellow FIF Members
    • FIF has launched a Reg SCI/Cybersecurity Best Practices Group.  For further information, please contact the program office at fifinfo@fif.com.
    • 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)
    • Additional Updates - Equities
      • September 18, 2017: SR-NYSE-2017-36 - Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change to Adopt New Equity Trading Rules for Trading UTP Securities on Pillar, Including Orders and Modifiers, Order Ranking and Display, and Order Execution and Routing
      • September 18, 2017: NYSE - NEW LIQUIDITY INDICATOR
      • September 13, 2017: SR-NYSEArca-2017-102 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend NYSE Arca Rule 7.35-E, NYSE Arca Rule 7.31-E and NYSE Arca Rule 7.23-E
      • September 12, 2017: REMINDER: Nasdaq To Implement Enhancements to the Closing Cross Process
      • September 7, 2017: NYSE PILLAR MIGRATION - NYSE UPDATE
      • August 30, 2017: SR-NASDAQ-2017-088 - Proposal to amend Rule 4703(a) to allow members to designate when an Order with a RTFY or SCAN routing Order Attribute will be activated
      • August 29, 2017: SR-NYSE-2017-32 - Notice of Filing of Proposed Rule Change to Amend Section 202.06 of the NYSE Listed Company Manual to Prohibit Listed Companies From Issuing Material News After the Official Closing Time for the Exchange's Trading Session Until the Earlier of Publication of Such Company's Official Closing Price on the Exchange or Five Minutes After the Official Closing Time
      • August 28, 2017: NYSE BONDS - CHANGES RELATED TO THE SHORTENED SETTLEMENT CYCLE (T+2)
      • August 22, 2017: ELIMINATION OF FLOOR REGISTRATION CATEGORIES ON NYSE AMERICAN
    • Additional Updates - Options
      • September 20, 2017: SR MIAX 2017 41 - Amend Rule 529, Order Routing to Other Exchanges, to Provide Additional Information in the Route Notification Broadcast
      • September 13, 2017: SR-BatsEDGX-2017-37 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend Rule 11.11, Routing to Away Trade Centers, to Account for IEX as a Primary Listing Market and to Amend Certain Rules to Reflect the Name Change of NYSE MKT to NYSE American
      • September 12, 2017: SR-CBOE-2017-059 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to the On-Floor Lead Market-Maker Program
      • September 7, 2017: NOM to Introduce Configurable Anti-Internalization (AIQ) Functionality
      • September 6, 2017: UPDATED Nasdaq ISE Updates Technical Specification
      • August 31, 2017: SR-BatsEDGX-2017-36 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend Rule 20.3, Trading Halts, and Rule 20.6, Nullification and Adjustment of Options Transactions Including Obvious Errors
      • August 30, 2017: SR-BatsEDGA-2017-22 - Notice of Filing of a Proposed Rule Change, as Modified by Amendment No. 1, to Harmonize the Corporate Governance Framework with that of Chicago Board Options Exchange, Incorporated and C2 Options Exchange Incorporated
      • August 29, 2017: CBOE RG17-121 PULSe Trader Workstation Enhancement Release 4.5.0 
      • August 25, 2017: SR-CBOE-2017-057 - Notice of Filing of a Proposed Rule Change to Amend Interpretation and Policy .07 of Exchange Rule 4.11, Position Limits, to Increase the Position Limits for Options on Certain ETFs
      • August 23, 2017: REMINDER: Nasdaq GEMX Updates Technical Specification
      • August 22, 2017: SR-BatsEDGA-2017-21 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend Rule 11.8, Order Types, to Permit MidPoint Discretionary Orders to be Non-Displayed
      • August 21, 2017: Nasdaq MRX Update on the Price Improvement Auction Mechanism
    • Next Meeting Date:  Tuesday, October 24, 2017 @ 4:00 PM ET.

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