CAT Alerts

SEC's CAIS Exemption Order (CAT Alert 2025-1) provides notice to Industry Members that on February 10, 2025, the SEC published an order (the “Exemption Order”) granting exemptive relief related to the reporting of names, addresses, and years of birth for natural persons reported with transformed social security numbers/individual tax payer identification numbers to CAIS.  CAT LLC anticipates publishing a subsequent CAT Alert at a future date to communicate additional information related to the effects of the SEC’s Exemption Order on CAIS reporting.

This CAT Alert provides a mapping of exchange port-level settings that are exempted from Industry Member reporting as Material Terms of the Order, as described in the SEC’s November 2, 2023 exemptive order (the “Exemptive Order”).  

This CAT Alert describes how FINRA CAT, LLC, as the Plan Processor acting on behalf of CATLLC, will calculate applicable fees, issue invoices to and collect payment from CAT Executing Brokers.

This CAT Alert announces new Interim Reporting Obligation 4 and Full CAIS Compliance Go-Live dates for Industry Members. 

This CAT Alert describes the Full Customer and Account Information System (CAIS) reporting implementation schedule for Industry Members and CAT Reporting Agents to achieve Full CAIS Compliance.

This CAT Alert describes how Industry Members must transition from the LTID Account Phase of CAIS reporting to Full CAIS (Phase 2e) of CAIS reporting for data and Transformed Identifier (TID) submissions. 

This CAT Alert describes how Industry Members must transition from Phase 2c to Phase 2d data submissions and the Coordinated Industry Test Plan for Phase 2d. This CAT Alert also describes how FINRA CAT will provide support during the transition period between Phase 2c and Phase 2d. This CAT Alert also discusses how FINRA CAT, LLC will facilitate six coordinated industry tests with the first test commencing with CAT Trading Day September 10, 2021.

The Customer and Account Reporting Disclosure Form is used for two purposes: (1) Type 1 Disclosure (optional): To self-report issues related to an Industry Member’s Customer and Account Information (“CAIS”) submissions (e.g., erroneously reported Customer and Account Information, non-reporting or other data issues) and (2) Type 2 Disclosure (required): To notify FINRA CAT of changes in Firm Designated ID (“FDID”) associated with a trading account prior to such information being reported to CAT CAIS. 

This CAT Alert describes the Industry Member CAT Reporting Test Plan for Phase 2c and how Industry Members must transition from Phase 2a/2b to Phase 2c data submissions to the Industry Member Test and Production Environments. This CAT Alert also describes how FINRA CAT will provide support during the transition period between Phase 2a/2b and Phase 2c.

CAT Alert 2020-04 outlines the standards for self reporting erroneous event to FINRA CAT. This alert provides information about self-reporting, including who may self-report, when to self-report, the considerations for when to self-report, and how to complete and submit the Self-Reporting Erroneous Events Form.