CAT Goes Live Part 2: What Should My Firm Be Doing?

  As a continuation of last week’s update on CAT activity, we will dive into more detail regarding a few panel comments regarding upcoming milestones found on the compliance timeline.   As we pointed out last week, it has been a remarkable achievement for the industry to have arrived at the compliance implementation for the… READ MORE

CAT Goes Live – Where Are We Now?

Oyster Consulting attended a webinar on June 6, 2020 hosted by SIFMA entitled “CAT Goes Live,” which included industry panelists from the SEC, FINRA CAT LLC, clearing firms and broker-dealers. This diverse panel conducted significant discussions about the impending compliance dates for Phase 2a and 2b for Consolidated Audit Trail (CAT) reporting.  Most industry members… READ MORE

CAT Options Deadline

CAT 2b Options Deadline Phase 2b is the multi-phase Options reporting module for Large Industry Members (greater than $500k capitalization).  Similar to the Equity phase, the test environment for file submission will open in December 2019, but the production “go-live” for file submission will be on May 18, 2020.

CAT Update – SEC Issues Anticipated Extended Exemptive Relief

Just a few weeks ago we announced the SEC’s provision of exemptive relief, which allowed Industry Members to delay their CAT reporting until May 20th.  At that time, CAT participants had also formally requested additional relief.  Well, they got their wish. The SEC has now provided the relief, which is more in line with the… READ MORE

Consolidated Audit Trail (CAT) – Will Your Firm Be Ready To Report?

Broker-dealers are facing the looming December 2019 deadline for the new reporting requirements for the Consolidated Audit Trail (CAT).  Many firms put the CAT requirements at the bottom of their “to-do” list since it has been almost seven years since the original SEC Rule 613 was passed.  But the time for implementation is finally here,… READ MORE

Attending the FIA Futures & Options Expo in Chicago

Oyster Managing Director Don Horwitz and Director Dean Pelos will be attending the FIA Futures & Options Expo in Chicago, October 18-20, 2016. During his thirty-plus years in the industry, Don Horwitz focused on assisting futures commission merchants (FCMs), broker-dealers, derivatives exchanges and their central counterparty clearinghouses (CCPs). He served as general counsel and/or chief… READ MORE