Finra to Sunset Oats Over a Two-Year Period

Shutting down Oats may take two years and depend on CAT data accuracy.


Finra expects to have a plan for public comment soon that the organization feels will not hurt smaller users, William Wollman, executive vice president, risk oversight and operational regulation at Finra, said during a panel at the Sifma Ops conference in Boca Raton, Fla.

“In terms of CAT implementation, there’s a phased-in approach that starts at two years for larger reporters with the option of a third year for others,” Wollman said. “We’ve decided that we would like to implement retirement o