Consolidated Audit Trail Implementation
In comparison to available competing CAT solutions Oyster was both more cost effective and delivered an equal if not greater amount of functionality. Their partnership with us in improving the application in a very timely manner has been invaluable. We have also found great value in them coordinating joint calls with their clients so we can all collaborate as a Team.
– DA Davidson & CO.
The Time to Act is Now: Cat Implementation Timeline
This is an excellent opportunity for firms to shift their focus to test the validity of the data being reported, looking beyond syntax checks, and to perform more data comparisons to the source data file used to generate CAT reporting events.
We are recommending that our clients continue to prepare for the implementation of CAT as internal resources allow.
Oyster can help you assess how your firm is positioned for CAT readiness, manage your requirements assessment and implementation phases, interface with your own technology providers, and assist you in determining what and how your technology providers will report for you. We can also assist in testing data scenarios and data linkage, as well as creating an error repair process. Firms can also leverage the Oyster CAT Application to gather and analyze reported data and errors. To learn more about how your firm can leverage Oyster’s CAT Application, you can schedule a demo and one of our associates will be happy to assist you.
To learn more about the exemptive relief and what your firm should be doing, listen to our latest CAT podcast episodes:
Regulators Provide CAT Reporting Focus – August 12, 2020
The Consolidated Audit Trail is Live – June 23, 2020
CAT Goes Live Part 2: What Should My Firm Be Doing? – June 18, 2020
CAT Goes Live – Where Are We Now? – June 11, 2020
SIFMA and SROs Settle on CAT Reporter Agreement – May 14, 2020
Under Looming CAT Deadlines, Firms Try to Land on Their Feet – April 7, 2020
CAT Implementation Delayed Due to COVID 19 – March 19, 2020
Consolidated Audit Trail (CAT) January 2020 Update – January 28, 2020
Consolidated Audit Trail (CAT) – Will Your Firm Be Ready To Report? – October 1, 2019