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- Reference Database Registration & OnboardingThis page provides information related to Reference Database Registration & OnboardingCAT Transaction Registration & OnboardingThis page provides information related to CAT Transaction Registration & Onboarding
- FAQQ49. Following the closure of an account and the associated FDID being ended in CAIS, is an Industry Member required to re-activate the FDID in CAIS for non-CAT reportable entries, such as delayed dividend payments?No. An Industry Member would not be required to re-activate a closed FDID in CAIS for post-account closure residual cash payments.
- FAQQ18. When are account movements between broker-dealers (e.g., merger/acquisition) required to be linked in CAIS?Account movements must be linked in CAIS beginning in Phase 2e (Full CAIS May 31, 2024).
- FAQBeginning April 26, 2021, Large Industry Members will be required to report into CAIS LTID all FDIDs with associated LTIDs or ULTIDs with Reportable Activity on or after April 26, 2021. Firms may choose to report accounts without associated LTIDs or ULTIDs, but there is no requirement to do so…
- FAQQ38. Why is there a question on the CAT CAIS Registration Form asking for a Legal Entity Identifier (LEI)?The CAT NMS Plan requires Industry Members to “submit to the Central Repository” information “including CRD number and LEI, if such LEI has been obtained.” “Central Repository” means the repository responsible for the receipt, consolidation, and retention of all information reported to the…
- EventAudio fileConsolidated Audit Trail, LLC and FINRA CAT, LLC will host a Monthly CAT Update on Thursday August 15, 2024 at 4:15 pm ET. The Monthly CAT Update meetings provide the industry with a high level overview of statistics, open issues, newly published guidance, announcements and reminders. The Monthly…
- FAQQ29. Do proprietary trading firms that do not handle customer orders have an obligation to report to CAT CAIS?Yes. Proprietary trading firms must submit account information related to their own accounts to the CAT CAIS system. If the proprietary trading firm is itself a Large Trader, it is required to report its own accounts beginning with the LTID Phase of CAIS if it has Reportable Activity.
- FAQQ9. What is an Unidentified Large Trader ID (ULTID) and are all Industry Members required to report ULTIDs to CAT CAIS?As described in the Customer and Account Technical Specifications for Industry Members (LTID and Full CAIS), in the scenario a CAT Reporter that is a clearing firm or self-clearing firm determines a person (which includes both natural persons and legal entities under Section 13(h)(8)(E) of the…
- AnnouncementAs previously announced, the last two Industry Member Compliance deadlines noted in CAT Alert 2022-01, Interim Reporting Obligation 4 and Full CAIS Compliance Go-Live, have been delayed to future dates. The new deadlines will be announced no later than August 15, 2023 and will not be before the…
- FAQQ41. FAQ Q40 states that all accounts with any CAT-reportable activity on or after June 12, 2022 must be reported to CAIS with the implementation of Phase 2e (Full CAIS). Are Industry Members required to capture and report updates or changes to customer and account information that occur between June 12, 2022 and the first time the record is required to be reported to CAIS?As outlined in FAQ Q40, all Active Accounts with activity on or after June 12, 2022 must be reported to CAIS with the implementation of Phase 2e (Full CAIS). Industry Members are required to report the current state of the customer information and account records in effect at the time the account…