SEC's CAIS Exemption Order (CAT Alert 2025-1) provides notice to Industry Members that on February 10, 2025, the SEC published an order (the “Exemption Order”) granting exemptive relief related to the reporting of names, addresses, and years of birth for natural persons reported with transformed social security numbers/individual tax payer identification numbers to CAIS. CAT LLC anticipates publishing a subsequent CAT Alert at a future date to communicate additional information related to the effects of the SEC’s Exemption Order on CAIS reporting.