SEC Approves CAT Plan, Will Select Firm to Build It Within 2 Months

The regulator modified several points of the NMS plan prior to approval.


Approval of the plan means self-regulatory organizations (SROs) have two months to select a plan processor to build and operate the CAT. Three firms—FIS, Thesys Technologies and the Financial Industry Regulatory Authority (Finra)—are vying for the opportunity to build it. The decision will be made through a two-round voting process in which each SRO has one vote.

SROs will have to begin reporting to the CAT within one year of approval. Large and small broker-dealers have to start reporting

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: