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- FAQQ15. If an Industry Member ends an LTID to FDID association for a legitimate reason (such as the customer no longer qualified as a large trader), and later is required to reestablish it, what should the ltidEffectiveDate be?
If an LTID to FDID association is ended for a legitimate reason and must be reestablished, the Industry Member should populate the ltidEffectiveDate with the date on which the LTID or ULTID became re-associated to the FDID within the CAT Reporter’s system- not the original LTID Effective Date.
- FAQQ16. Can an Industry Member submit the same CAIS record every business day? Or should the Industry Member submit only a delta record? For example, if a record is submitted on T and nothing changes, can the same record be submitted on T+1, T+2, etc.? Or should the Industry Member only resubmit the record if a required data element changes?
Industry Members may resubmit the same record each business day but are not required to. If an Industry Member resubmits an identical record to one that already exists in CAT CAIS, CAT CAIS will overwrite the previous record with the new record with the same information. Once a record has been received by CAT CAIS, Industry Members are only required to submit changes or corrections to required data elements.
- FAQQ17. Are Industry Members required to report LTIDs for dormant or inactive accounts? For example, an Industry Member has a customer that qualifies as a Large Trader but that customer has not had any account activity for several months.
Industry Members are only required to report LTIDs for active accounts. That is, accounts for which there is CAT reportable activity.
- CAT Alert
The information related to this CAT Alert can be found in the Industry Member Onboarding Guide.
- FAQQ7. Is an Industry Member required to provide social security numbers, dates of birth and account numbers as a part of the Customer Identifying Information and Customer Account Information?
Industry Members must not provide social security numbers or dates of birth for individuals, nor account numbers for customer accounts to the CAT. In light of security concerns raised with regard to the maintenance of Customer information in the CAT, the SEC granted exemptive relief on March 17, 2020 that would eliminate the requirement to report these three data elements [
- FAQQ8. May Industry Members provide Customer Account Information on all of their accounts, not just Active Accounts or those Active Accounts in scope for a given phase of reporting?
Yes, Industry Members may provide Customer Account Information on all of their accounts, not just Active Accounts or those Active Accounts in scope for a given phase of reporting. If an Industry Member voluntarily provides such account reporting, the Industry Member is still subject to timely, accurate and complete reporting requirements. As noted in FAQ Q7, Industry Members must not provide social security numbers, dates of birth and account numbers to the CAT.
- Technical Specifications
- Technical Specifications
- Reference Material
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