SEC Requests Feedback on Consolidated Audit Trail

The SEC has issued a concept release to request public feedback on the SEC’s comprehensive review of its consolidated audit trail (CAT) as well as “other audit trails and related data sources currently used in the regulation of U.S. securities markets.” Topics on which comments are being requested include “CAT funding and cost management, the regulatory purpose of the CAT, the structure and governance of the CAT, the design and scope of the CAT, and the cybersecurity and data privacy of the CAT and other audit trails and related data sources, as well as comments regarding the appropriate balance between privacy and confidentiality considerations, civil liberties protections, and regulatory need.”

Comments are due 60 days after the date of the concept release’s publication in the Federal Register. For more information, see the press release and fact sheet on the SEC’s Web site.