SEC Delays CAT Deadline for Broker-Dealers Amid COVID-19
Celeste Skinner
FinanceMagnates, 21 April 2020
The Securities and Exchange Commission (SEC) has yet again pushed back the date for when broker-dealers will need to report data to the regulator’s Consolidated Audit Trail (CAT), allowing firms to instead focus their efforts on dealing with the coronavirus pandemic and the impact it is having on their businesses.
In a statement published on Monday, the US regulator said that it had voted in favour of issuing two exemptive orders in which it will move the CAT implementation forward, with the first action required on the 22nd of June, 2020.
