CAT Reporting Timing and Time Stamps

Read the Free Lesson โ†’ free ยท no signup wall

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

Read the full lesson, free

This video's complete written lesson is free to read in the CertFuel app, no signup wall. The complete Series 57 course also includes adaptive practice questions and spaced-repetition flashcards, available in Free Beta.

Read the Free Lesson โ†’ free ยท no signup wall