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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.

On Wednesday, February 17, 2021 at 4:15pm ET, Consolidated Audit Trail, LLC and FINRA CAT, LLC will host an industry webinar specifically for small firms focusing on CAIS onboarding and LTID submission requirements.

Please note that FINRA CAT, LLC utilizes 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. This webinar will be recorded. The presentation document and recording will be posted.

On Tuesday, February 9, 2021 at 1 pm ET, Consolidated Audit Trail, LLC and FINRA CAT, LLC will host an industry webinar to highlight the customer and account reporting requirements of the CAT NMS Plan and give an overview of the CAT Reporting Customer and Account Technical Specifications for Industry Members-CCID v2.0.

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.

Phase 2b production readiness testing for Industry Members not submitting equities data in Phase 2a must be completed by July 6, 2020. This deadline, which was previously May 4, 2020, was extended in light of the SEC’s exemptive order, which moved the date by which Industry Members must begin reporting Phase 2b data from May 18, 2020 to July 20, 2020.

Yes. Industry Members are required to complete production readiness testing for Phase 2a reporting by June 8, 2020.  This deadline, which was previously April 6, 2020, was extended in light of the SEC’s exemptive order, which moved the date by which Industry Members must begin reporting Phase 2a data from April 20, 2020 to June 22, 2020.

The CAT Industry Member Test and Production Environments for Phases 2a and 2b are being rolled out with implementation of different types of validations, (i.e. data integrity, linkage) at different times. This CAT Alert describes the Industry Member CAT Reporting Test Plan for Phases 2a/2b and how Industry Members may leverage data submissions to the Test and Production Environments to test their compliance with linkage validations, prior to the formal Compliance Go-live dates.

The information related to this CAT Alert can be found in the Industry Member Onboarding Guide.

Consolidated Audit Trail, LLC and FINRA CAT, LLC will host Weekly Industry Testing Checkpoint Calls every Tuesday at 4:15 pm ET beginning on January 7, 2020 through March 17, 2020. The events will be held at 4:15 pm ET.

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.