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Consolidated Audit Trail, LLC and FINRA CAT, LLC will host Industry Testing Checkpoint Calls every other Tuesday at 4:15 pm ET beginning on February 2, 2021 until further notice. 

Please note that FINRA CAT, LLC utilizes Zoom to conduct industry webinars. Please check your firewall to ensure your firm has the ability to view Zoom content. If you are unable to download and run Zoom, please click the “join from your browser” link. This webinar will be recorded. The presentation document and recording will be posted.

Consolidated Audit Trail, LLC and FINRA CAT, LLC will host a monthly Industry Testing Checkpoint Call for CAIS/LTID on Wednesday, April 7, 2021 at 4:15 pm ET.

Please note that FINRA CAT, LLC utilizes Zoom to conduct industry webinars. Please check your firewall to ensure your firm has the ability to view Zoom content. If you are unable to download and run Zoom, please click the “join from your browser” link. This webinar will be recorded. The presentation document and recording will be posted.

In this case where there are multiple dates associated with an account prior to the CAT CAIS Implementation date (July 11, 2022), CAT Reporters should report the account open date that is reasonably available. (See CAT NMS Plan, Article 1, Section 1.1 definition of “Account Effective Date”). For example, if a CAT Reporter has physical account papers located in an offsite storage system and a systematized date, both of which were opened prior to the CAT CAIS Implementation date, it is reasonable to use the systematized account effective date.

This CAT Alert describes the Industry Member CAT Reporting Test Plan for Phase 2c and how Industry Members must transition from Phase 2a/2b to Phase 2c data submissions to the Industry Member Test and Production Environments. This CAT Alert also describes how FINRA CAT will provide support during the transition period between Phase 2a/2b and Phase 2c.

No.  As noted in FAQ K4, options assignments and exercises are not orders, as defined by SEC Rule 613, and therefore are not required to be reported to CAT.  Therefore, Industry Members are also not required to report the resulting booking of shares into a customer account resulting from an options assignment or exercise.

Because the identity of the prime broker is a required element on the allocation report to a DVP account, the allocation report cannot be reported to CAT until the DVPCustodianID is known to the clearing broker. The allocation eventTimestamp should represent the time all required elements, including the DVPCustodianID, are known to the Industry Member clearing broker.

The DVPCustodianID field in the Post-Trade Allocation event (MEPA) should accurately reflect the settlement instructions on the account (not the entity) to which shares are placed or from which shares are delivered at settlement. A Depository Trust Company (DTC) number should be reported if the account where the shares are allocated will settle the transaction via DTC.

If an LTID to FDID association is ended for a legitimate reason and must be reestablished, the Industry Member should populate the ltidEffectiveDate with the date on which the LTID or ULTID became re-associated to the FDID within the CAT Reporter’s system- not the original LTID Effective Date.