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Are account transfers between broker-dealers (e.g., ACATS transfers) required to be reported to CAT?

Are account transfers between broker-dealers (e.g., ACATS transfers) required to be reported to CAT?

No. Transfers of securities during an account transfer between broker-dealers (e.g. ACATS transfers, transferring a Registered Investment Advisor (RIA) book of business from one Industry Member to another Industry Member and for a clearing firm when a correspondent firm changes to another clearing firm) are not orders, as defined by SEC Rule 613. Therefore, such account transfers are not required to be reported as Transaction activity to CAT. The same guidance would apply to a firmDesignatedID (FDID) representing a Relationship ID or Entity ID. Also, see FAQ Q53.