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- FAQQ52. What date should Industry Members use to populate the “end date” fields (e.g., fdidEndDate, roleEndDate) when an event has triggered the closure of an account? For example, when a minor reaches the age of majority for a custodial account (e.g., UGMA/UTMA) or upon the death of an account holder for a beneficiary account, how should Industry Members populate these fields?If the Industry Member’s practice is to close an account and open a new account in the scenario where there is a triggering event, the Industry Member must populate the “end date” fields with the date that is maintained in its books and records. The updated record is required to be reported to…
- FAQQ60. If an Industry Member has received a “Not Held” order, which only gives the Industry Member discretion as to the price and time of execution of the order, must the Industry Member be identified as a CAT Customer on the related FDID Record in CAIS?Whether the Industry Member should be identified as a CAT Customer depends on whether the Industry Member is an account holder or has authority to place orders for the account without prior approval of the account holder(s). Absent this authority from the account holder(s) (and assuming the…
- FAQQ62. Since clearing firms rely on their correspondent firms to provide Customer information required for CAIS reporting, can a clearing firm, reporting its version of a Customer on an FDID record, replicate the attribute value for certain required data elements as provided by its correspondent firm?Yes. When reporting its version of the Customer Record, the clearing firm may replicate the attribute value for certain required data elements as provided by its correspondent firm. Specifically, when the correspondentCRD field is populated, the clearing firm may report a role of ‘AUTHREP’ for an…
- Timeline Activity
- EventAudio fileOn August 2, 2022 and August 3, 2022, Consolidated Audit Trail, LLC and FINRA CAT, LLC will host a two-part industry webinar focused on Full CAIS Error Repairs, Corrections and Material Inconsistencies. Part 1 will take place on Tuesday, August 2, 2022 at 10 am ET and will focus on the error repair…
- EventAudio fileOn August 2, 2022 and August 3, 2022, Consolidated Audit Trail, LLC and FINRA CAT, LLC will host a two-part industry webinar focused on Full CAIS Error Repairs, Corrections and Material Inconsistencies. Part 1 will take place on Tuesday, August 2, 2022 at 10 am ET and will focus on the error repair…
- EventAudio fileOn Tuesday, February 9, 2021 at 1 pm ET, Consolidated Audit Trail, LLC and FINRA CAT, LLC will host an industry webinar to highlight the customer and account reporting requirements of the CAT NMS Plan and give an overview of the Customer & Account Technical Specifications…
- This webpage provides information for CAT Reporters on how to gain access to the Reference Database Reporter Portal Test and Production environments for the first time. Industry Members and CAT Reporting Agents that report to CAT on behalf of Industry Members must complete all onboarding steps to…