On March 17, 2020, the SEC issued relief that exempts the Participants from collecting or retaining certain retail customer data, including (1) individual social security numbers or individual tax payer identification numbers; (2) dates of birth and (3) account numbers. Instead, Industry Members would be required to report an account holder’s name, address, and birth year to the CAT.
The Operating Committee of the CAT NMS Plan has issued a statement on the SEC's No Action Letter related to the Consolidated Audit Trail.
On March 16, 2020, the SEC issued a No Action Letter related to Consolidated Audit Trail Reporting.
As previously communicated, Industry Members must complete an annual certification for Business Clock Synchronization by March 15th of each year.
UPDATED A copy of the certification form is available here .Topics
On November 27, 2019, the Participants of the CAT NMS Plan responded to the Security Industry and Financial Markets Association’s (“SIFMA”) November 11, 2019 letter to the SEC regarding certain liability and access issues related to the Consolidated Audit Trail.
NEW YORK, NY, February 27, 2019 – CAT NMS, LLC (CAT NMS) today announced that the Financial Industry Regulatory Authority, Inc. (FINRA) has been selected as Plan Processor for the Consolidated Audit Trail (CAT), following a vote by the Operating Committee (FINRA recused itself from the voting process). As Plan Processor, FINRA is responsible for all aspects of the continued build out and ongoing maintenance of the CAT.