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search results for “Cais"
- FAQQ58. To facilitate reporting of correct Customer names as required by the CAT NMS Plan, the Full CAIS Technical Specifications require Natural Person first and last names to be reported in two separate fields. Accordingly, if both the firstName and lastName fields for Natural Person Customers are not populated, the Customer Record will be rejected. The Plan Participants understand that some Industry Members have historically maintained the first and last names in a single field within their system and may be unable to parse them into separate fields by the implementation schedule set forth in CAT Alerts 2022-01 and 2023-01. How must Industry Members report Natural Person Customers if the first and last names are not able to be parsed within the Industry Member’s system by the time the Customer Record is required to be reported to CAIS ?As noted above, the Full CAIS Technical Specifications require the Natural Person first and last names be reported in two separate fields. In the scenario where the Industry Member has historically maintained the Customer name in an unparsed state and will not be able to complete parsing of all…
- CAT CAIS Open Issues List (Full CAIS)
- FAQQ65. To facilitate reporting of Authorized Traders as required by the CAT NMS Plan, the Full CAIS Technical Specifications require a firstName, lastName, yearOfBirth, tidType and tidValue to be reported for all Natural Person Authorized Traders. Accordingly, if these fields for Natural Person Customers are not populated, the Customer Record will be rejected. The Plan Participants understand that some Industry Members have not historically collected and systematized a tidValue and yearOfBirth for Natural Person Authorized Traders and may be unable to report them as required by the Full CAIS Technical Specifications per the implementation schedule as set forth in CAT Alerts – 2022-01 and 2023-01. How must Industry Members report Natural Person Customers if they are not able to provide all required information by the Full CAIS Compliance Go-Live date?In the scenario where an Industry Member has systematized all data required to report a Natural Person Authorized Trader, it must report all information required for a complete Customer Record, including tidValue and yearOfBirth. However, in the scenario where an Industry Member has not…
- FAQQ14. If an Industry Member erroneously ends an LTID to FDID association and needs to reestablish it, what should the ltidEffectiveDate be?If an LTID to FDID association is ended erroneously and must be reestablished, the Industry Member should populate the ltidEffectiveDate with the original LTID Effective Date- not the date that the record reestablishing the association is submitted to CAT CAIS.
- Technical Specifications
- 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…
- FAQQ22. If an account does not have an account holder or authorized trader with an LTID or ULTID, but has other individuals or entities with an LTID or ULTID that may have some other relationship to the account, must that account be reported in the LTID Phase of CAIS?Yes. If an LTID or ULTID is associated with an account, it must be reported to CAIS in the LTID Phase. For more guidance regarding an LTID or ULTID being associated with and account, contact the SEC or see the SEC’s Large Trader Rule FAQs. See https://www.sec.gov/divisions/marketreg/large-trader…
- FAQQ12. Are regulators expecting complete accuracy with respect to the ltidEndReason and roleEndReason?Industry Members should make a reasonable effort to obtain an accurate reason as to why the LTID, ULTID or Customer is no longer associated to the FDID. Starting with the implementation of Full CAIS, if the facts and circumstances regarding why an association was ended cannot be reasonably…
- Technical Specifications
- FAQQ7. Is an Industry Member permitted to provide Sensitive Identifiers, dates of birth and account numbers as a part of the Customer Identifying Information and Customer Account Information?No. Sensitive Identifiers are defined in the Customer and Account Information Technical Specifications as Social Security Number and Individual Taxpayer Identification Identifiers. Industry Members must not provide Sensitive Identifiers, nor full dates of birth for individuals, nor…