Automatic Portability Transaction Regulations
SIFMA provided comments to the Department of Labor (DOT) on their proposed Automatic Portability Transaction Regulations under Section 4975 of…
SIFMA provided comments to the Securities and Exchange Commission (SEC) on the National Market System (NMS) Plan for developing a Consolidated Audit Trail (CAT). SIFMA members have repeatedly supported the development of the CAT given its potential to enhance the quality and completeness of data provided to regulators and promote fair and equitable markets. However, SIFMA’s comment letter raises substantial concerns with the CAT NMS Plan as it has been proposed, and we believe those issues must be resolved before the SEC approves the NMS Plan.
Most notably, the CAT Plan does not offer concrete steps for the elimination of existing systems that will be obviously duplicative of the CAT – such as FINRA’s OATS system – and instead would give the SROs several years to conduct an analysis before being required to eliminate redundant systems. In addition, the CAT NMS Plan proposes to impose the vast majority of CAT-related costs to broker-dealers without providing any detailed analysis or justification.
See also:
Rule 613 (Consolidated Audit Trail)
SIFMA provided comments to the Department of Labor (DOT) on their proposed Automatic Portability Transaction Regulations under Section 4975 of…
SIFMA and The International Swaps and Derivatives Association, Inc. (ISDA) provided comments to the Office of the Comptroller of the…
SIFMA AMG provided comments to the Federal Energy Regulatory Commission on the Federal Power Act Section 203 Blanket Authorizations for…
We use cookies to provide our site visitors a valuable experience as well as relevant content and services. Please carefully review our Privacy Policy and Terms of Use; by using this website, you agree to the information set forth therein.