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As stated in FAQ B44, any equity bid or offer that is accessible electronically by customers or other market participants and is immediately actionable (i.e., no further manual or electronic action is required by the responder providing the quote in order to execute or cause a trade to be executed) is reportable in Phase 2c; and any listed option bid or offer which is accessible electronically by customers or other market participants and is immediately actionable (i.e., no further action is required by the responder providing the quote in order to execute or cause a trade to be executed )

Each Industry Member is responsible for complying with applicable CAT requirements, including those related to recordkeeping and record retention, set forth in the CAT Compliance Rules. Outsourcing a function to a vendor or other third party does not relieve the Industry Member of its ultimate responsibility for compliance with the CAT Compliance Rules or other applicable securities laws, rules or regulations (e.g., SEC Rule 17a-4).

Periodic full account refreshes will be required beginning in Phase 2e (full CAIS July 2022).

Account movements must be linked in CAIS beginning in Phase 2e (full CAIS July 2022).

No. A single Order Fulfillment reflecting the final average price fill to the client order is required.  A Fulfillment Amendment would only be appropriate if the fill to the client was changed after the final fulfillment had been provided to the client. Some systems may provide intraday transparency to the progress of executing an order as informal information that is not considered by the firm to be ‘final’ fulfillments, and these should not be reported to CAT as fulfillments and fulfillment amendments.

On Wednesday, August 12, 2020 at 2 pm ET, Consolidated Audit Trail, LLC and FINRA CAT, LLC will host an industry webinar focusing on LTID submission ahead of the LTID Information Testing Environment opening on August 24, 2020.

Please note that FINRA CAT, LLC is now utilizing Zoom to conduct industry webinars. Please check your firewall to ensure your firm has the ability to view Zoom content. If you are unable to download and run Zoom, please click the "join from your browser" link. The presentation document and recording will be posted.

On Wednesday, August 12, 2020 at 10 am ET, Consolidated Audit Trail, LLC and FINRA CAT, LLC will host a second industry webinar providing additional details on Interfirm Linkage.

Please note that FINRA CAT, LLC is now utilizing Zoom to conduct industry webinars. Please check your firewall to ensure your firm has the ability to view Zoom content. If you are unable to download and run Zoom, please click the "join from your browser" link. The presentation document and recording will be posted.

Because the resulting execution of the order was subject to the transaction reporting requirements of FINRA Rule 6622, both the routing firm and the firm ultimately executing the order have a CAT reporting obligation, and must report the order to CAT using the US Symbol and the price in US Dollars.