SEC Still Reviewing CAT Deadlines
The Commission says it is open to providing leeway to broker-dealers if the CAT cannot accept some trade data.
In a statement, the SEC notes its division of trading and markets is still reviewing the master plan it requested from self-regulatory organizations (SROs)—the exchanges that will report into the CAT—that it received back in May. It also announced it may delay enforcement of reporting failures for large broker-dealers if the CAT is not fully developed to take in data on different trades.
The plan details new deadlines SROs and the CAT processor Thesys CAT need to meet, as well as the necessary
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