Consolidated Audit Trail (“CAT”): Progressing Towards Technical Specifications


On July 7, 2017, the CAT plan processor, Thesys CAT, held an industry outreach session coordinated with FIF, SIFMA and STA.  During the session, Thesys CAT covered the development approach and implementation schedule as the industry works towards the October and November 2018 deadlines for CAT implementation.

The development approach will entail significant industry engagement during the implementation phase with multiple working sessions scheduled to focus on specific aspects of the requirements.  There will also be a hotline that Thesys CAT will operate for questions from the industry and there will be a test environment available 24 hours a day, six days a week. 

The process put forth by Thesys CAT focuses on transparency and an iterative approach towards development of specifications.  Some of the key dates and milestones outlined by Thesys CAT are in the graphic to the right.

We will continue to provide updates on the progress of implementation as well as significant industry issues encountered during the process.



Chris Montagnino
Managing Director, Compliance Services