Oats retirement imminent as Cat maintains data quality, Finra says
Oats reporting could be fully migrated to the Consolidated Audit Trail and the Oats system retired as early as June 30.
The Financial Industry Regulatory Authority has signaled that it may be ready to announce a retirement date for its Order Audit Trail System (Oats), which is being phased out in favor of the Securities and Exchange Commission-mandated Consolidated Audit Trail (Cat).
Finra has previously said the earliest possible retirement date for Oats would be June 30, and officials say they are still working toward this deadline. The next industry update call to discuss the Cat is scheduled for mid-June
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