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SEC chairman issues statement on consolidated audit trail

  • SEC (US Securities and Exchange Commission) Image

Nov 16, 2017

SEC Chairman Jay Clayton has issued a statement regarding the request by national securities exchanges and FINRA (the “SROs”) to extend the initial deadline for reporting related to the consolidated audit trail (CAT) by one year and other deadlines by a year or more.

Chairman Clayton indicated that he was “not in a position to support the issuance of the requested relief on the terms currently proposed” and that he has “instructed the SEC staff to make themselves available to the SROs as necessary or appropriate” to bring the CAT online. In addition, he stressed the importance of protecting the information submitted to the CAT and noted that the SEC staff is currently evaluating the need for personally identifiable information in the CAT.

For more information, see Chairman Clayton’s statement on the SEC’s Web site.

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