Audit Trail Is SEC’s Top Market Task for Rest of 2016

Rob Tricchinelli
Bloomberg BNA

The Securities and Exchange Commission’s top market-structure agenda item for the rest of 2016 is finishing the consolidated audit trail, Chairman Mary Jo White said Sept. 14.
The CAT is designed to be a vast central data repository for equity orders, as provided by brokers and exchanges.

The CAT plan was formulated by the Financial Industry Regulatory Authority and national securities exchanges, and released by the SEC in April (82 SLD, 4/28/16).

The agency plans to act in the coming months on new disclosures for dark pool operators, a pilot program for lowering access fees and rebates on exchanges, and an anti-disruptive trading rule, White said at a conference of the Security Traders Association in Washington.

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