CAT Reporting Timing and Time Stamps

What this video covers

• Why the CAT rules create two separate clocks: contemporaneous recording with the reportable event and next-trading-day reporting for recorded and received data
• How the 8:00 a.m. Eastern Time deadline applies to reporting only, and how recorded data and received data start from different events
• How electronic order events use milliseconds as the floor, finer increments when systems do, up to nanoseconds, and how sub-nanosecond time stamps are truncated through April 8, 2030
• When Manual Order Events and Allocation Reports may use increments up to and including one second, including the Electronic Capture Time condition for manual orders
• Why the error correction deadline is 8:00 a.m. Eastern Time on trade date plus three days (T+3), even when the firm finds the error itself
• How CAT record retention works: three years total, two years easily accessible, and micrographic or electronic storage options
• How to spot exam traps involving overnight reporting, rounding versus truncation, conditional one-second relief, and Plan Processor notification