FINRA proposed amendments to requirements for Firm Designated IDs under the FINRA Rule 6800 series Consolidated Audit Trail ("CAT NMS Plan") compliance rules in order to be consistent with recent amendments to the CAT NMS Plan approved by the SEC (see here).
FINRA filed the proposed rule for immediate effectiveness, and requested that the SEC waive the 30-day requirement for a proposed rule to become operative so that the amendments can be operative as of July 31, 2020.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
