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Firms providing direct market access to non-broker-dealer customers must populate the deptType field with the value of 'DMA' (Direct Market Access). The value of Sponsored Access ('SA') is only used for market access orders involving another broker-dealer.

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 until further notice. 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.

Pursuant to Section 6.3(d) of the CAT NMS Plan (“Plan”), as applied to Industry Members by Section 6.4(d) of the Plan, Industry Members must report certain details to the CAT for each order and reportable event. These requirements are applied to Industry Members via each Plan Participant’s CAT Compliance Rules. 

Buy-ins required by SEC or SRO rules (e.g., to comply with the close out requirements of Regulation SHO or FINRA Rule 4320, or the buy-in requirement of SEA Rule 15c3-3) must be reported to CAT using the Buy-In handlinginstructions code (BIN).  

Orders that are not part of a complex (multi-leg) order, but are contingent on the execution of another order must be reported with a handlingInstructions value of ‘CND’ populated on the New Order event.  This guidance applies for contingent orders involving just equities, just options or both equities and options.   

Industry Members must record in their systems the date that an LTID or ULTID becomes associated with an FDID (“LTID Effective Date”). Some Industry Members may have to change current onboarding activities to ensure this information is obtained and recorded. 

If an Industry Member has not recorded the LTID Effective Date, they may use the go-live date as the ltidEffectiveDate until the go-live date. Starting on the go-live date, Industry Members must record and report an accurate LTID Effective Date. 

For information on the relevant go-live dates, see FAQ Q3.

Consolidated Audit Trail, LLC and FINRA CAT, LLC will host Biweekly Industry Testing Checkpoint Calls for CAIS/LTID every other Wednesday 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.

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 until further notice. 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.