Regulators Provide CAT Reporting Focus

In the past few weeks, the industry has been given additional guidance on how CAT reporting will be monitored by the regulatory body and the SROs. We were introduced to a new acronym, CMRWG, which is the Cross-Market Regulation Working Group. The CMRWG was recently formed to reduce unnecessary duplication in enforcement efforts. SROs have… READ MORE

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 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

Under Looming CAT Deadlines, Firms Try to Land on Their Feet

Despite the current global health and market difficulties, the Consolidated Audit Trail (CAT) is still a hot topic in the industry.  The SEC has provided Exemptive Relief through a No Action Letter until May 20, 2020, though the participants have requested additional relief.  This has impacted a few of our customers who have reacted to… READ MORE

New Podcast: The Consolidated Audit Trail (CAT) – What You Should Be Doing Now

On March 16, 2020 the SEC announced no-action relief to allow Participants to delay implementation of Consolidated Audit Trail (CAT) until May 20, 2020.  This announcement comes as the industry deals with disruptions as a result of COVID-19, and members must make difficult prioritization decisions around staff required to implement CAT. This is an excellent opportunity… READ MORE

CAT Testing – Don’t Lose Sight of Large Trader ID (LTID) and Phase 2c Deadlines

Many broker-dealers are in the process of preparing for access to the CAT reporting environment.  They are making sure data transmission lines are implemented and functioning correctly, evaluating data requirements and ensuring which data will be produced by which technology provider (where appropriate), and performing linkage testing to clarify ALL of their trade flow to ensure all… READ MORE

New Podcast Episode: Oyster Solutions Software – Making Your Annual Compliance Calendar and Review More Efficient

  In this week’s episode of Oyster Stew, Managing Director Polly Cordle and Consultant Gray Houghton share how Oyster Solutions Software can make managing your compliance calendar and Annual Review processes easier and more efficient using workflows and automated reporting. Oyster Solutions is one “solution” for many systems:  A system to track various workflows and… READ MORE