The Consolidated Audit Trail (CAT) is expected to roll out this week after a long journey of missed deadlines and privacy concerns.
On November 15, self-regulatory organizations (SROs), such as exchanges, are expected to begin reporting to the system, which has been built by Thesys CAT. But the real test will not come until a year after when large broker-dealers start reporting to the system followed by smaller broker-dealers in November 2022.
SROs were meant to begin reporting to the CAT last
Pete talks about privacy and convenience—and where firms tend to get tripped up when walking this balance beam.Subscribe to Weekly Wrap emails