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
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