Consolidated Audit Trail (CAT)

We combine deep regulatory, institutional, security, and data strategy experience to offer customized solutions for firms to help them prepare for, implement, and verify compliance to CAT regulations.

Guidance, Planning, and Initial Analyses

Gap Analysis
Rule Interpretation
Health Check
Front-to-Back Analysis
Eligibility

Implementation, Testing, and Verification

Full End-to-End Implementations
Testing
Technical Requirements
Enhanced Surveillance

Data, Security, and Auditing

Data Strategy and Storage
Data Mapping
Controls
Client Reference Data

Reporting and Ongoing Compliance Assurance

Report Generation
Dashboard and Data Visualization
Error Corrections
BAU Transitiony

Guidance, Planning, and Initial Analyses

GAP Analysis

OATS-to-CAT comparison to identify gaps, maximize efficiencies, and get ahead of potential challenging uplifts

Health Check and Rule Interpretation

Detailed analysis of a firm’s path to CATS compliance and interpretation of the rules to uniquely address each firm’s specific situation

Front-to-Back Analysis

Full assessment of applications, functions, and process flow across the business and technology to achieve optimal solutions

Eligibility

Product Eligibility (e.g. cash equity/options), Event Eligibility (e.g. new order vs. order accept), electronic/manual, to ensure accurate reporting

Implementation, Testing, and Verification

Full End-to-End Implementations

Full suite of services to achieve successful implementation and ongoing support: establishing workstreams, documenting business and technical requirements, developing to meet specs, testing and launching with appropriate controls

Testing

Full front-to-back testing of a firm’s in-house implementation, including development of applicable use cases to ensure completeness and accuracy

Technical Requirements

Business requirements, data sourcing, business decision models, business process maps, user stories, and acceptance criteria

Enhanced Surveillance

Design of enhanced surveillance capabilities, given new broader data points and adherence

Data, Security, and Auditing

Data Strategy and Storage

Guidance on overall data strategy, retention, and sustained usability including appropriate data masking technology to protect client Pll data

Data Mapping

Data lake contract, data sourcing, transparency between OMS and CAT report

Controls

Scope of controls impacting accuracy, timeliness, and rutime controls

Client Reference Data

Solutions for Firm Designated ID (FDID) and for protecting other client Pll required by the regulation

Reporting and Ongoing Compliance Assurance

Report Generation

Report delivery per product/event and data transformation to CAT-native format

Dashboard and Data Visulation

Practical, usable interfaces to optimize on throughput and highlight pain points

Error Corrections

Requirements and processes to meet compliance for the Error Correction Cycle regulation, which stipulates all corrections be submitted within 1.5 days

BAU Transition

Procedures, escalation process, training materials, etc. to allow a firm to seamlessly incorporate new CAT solutions into existing established business operations

Healthcheck Details

Health Check yields:
Recommendations for resolving uncovered gaps

Advice on avoidance of future re-occurrences

Remediation plan to address missing, erroneous, incomplete and inaccurate data.

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Get in Touch

Let us know how we can help! Send us a message or drop us a line at sales@riskfocus.com.