Proposed Rule Change to Eliminate Requirements that will be Duplicative of CAT

SIFMA provides comment to the (SEC) on notice of filing of proposed rule change to eliminate requirements that will be duplicative of CAT. The elimination of duplicative systems is one of the CAT’s most critical issues, and we support FINRA’s proposal to eliminate the reporting rules for the Order Audit Trail System and to amend the reporting rules for Electronic Blue Sheets. However, we do not agree with the standards that FINRA has proposed for determining when the OATS and EBS systems will be retired.

See also:

Proposed Rule Change Relating to Elimination and Modification of Duplicative Rules After Implementation of the Consolidated Audit Trail