CAT Alert 2021-02- Standards for Completing the Customer And Account Reporting Disclosure Form

The Customer and Account Reporting Disclosure Form is used for two purposes: (1) Type 1 Disclosure (optional): To self-report issues related to an Industry Member’s Customer and Account Information (“CAIS”) submissions (e.g., erroneously reported Customer and Account Information, non-reporting or other data issues) and (2) Type 2 Disclosure (required): To notify FINRA CAT of changes in Firm Designated ID (“FDID”) associated with a trading account prior to such information being reported to CAT CAIS. 

This alert provides information about self-reporting, including who may self-report, when to self-report, the considerations for when to self-report, and how to complete and submit the Customer and Account Reporting Disclosure Form.