CAT Alerts

This CAT Alert describes the Full Customer and Account Information System (CAIS) reporting implementation schedule for Industry Members and CAT Reporting Agents to achieve Full CAIS Compliance.

This CAT Alert describes how Industry Members must transition from the LTID Account Phase of CAIS reporting to Full CAIS (Phase 2e) of CAIS reporting for data and Transformed Identifier (TID) submissions. 

This CAT Alert describes how Industry Members must transition from Phase 2c to Phase 2d data submissions and the Coordinated Industry Test Plan for Phase 2d. This CAT Alert also describes how FINRA CAT will provide support during the transition period between Phase 2c and Phase 2d. This CAT Alert also discusses how FINRA CAT, LLC will facilitate six coordinated industry tests with the first test commencing with CAT Trading Day September 10, 2021.

The Customer and Account Reporting Disclosure Form is used for two purposes: (1) Type 1 Disclosure (optional): To self-report issues related to an Industry Member’s Customer and Account Information (“CAIS”) submissions (e.g., erroneously reported Customer and Account Information, non-reporting or other data issues) and (2) Type 2 Disclosure (required): To notify FINRA CAT of changes in Firm Designated ID (“FDID”) associated with a trading account prior to such information being reported to CAT CAIS. 

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.

CAT Alert 2020-04 outlines the standards for self reporting erroneous event to FINRA CAT. This alert provides information about self-reporting, including who may self-report, when to self-report, the considerations for when to self-report, and how to complete and submit the Self-Reporting Erroneous Events Form.

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On January 28, 2020, the CAT NMS Plan Operating Committee approved parameters for when a CAT Reporter is required to self-report to the CAT Plan Processor, FINRA CAT, deviations of clock synchronizations standards required under SRO Rules and the CAT NMS Plan. FINRA CAT will use this information to evaluate the impact of the reported incident(s) on the quality of the CAT Data and to provide notice to the Regulatory Users of reported incident(s) that may impact their analysis of CAT Data.

The CAT Industry Member Test and Production Environments for Phases 2a and 2b are being rolled out with implementation of different types of validations, (i.e. data integrity, linkage) at different times. This CAT Alert describes the Industry Member CAT Reporting Test Plan for Phases 2a/2b and how Industry Members may leverage data submissions to the Test and Production Environments to test their compliance with linkage validations, prior to the formal Compliance Go-live dates.

The information related to this CAT Alert can be found in the Industry Member Onboarding Guide.