SEC Calls for Public Input on CAT and Market Data Infrastructure
The SEC issued a concept release inviting public comment to comprehensively review the Consolidated Audit Trail (CAT) and other market-data trails and related data sources, addressing funding, governance, design, cybersecurity, privacy, and civil-liberties considerations, with a 60-day comment window after Federal Register publication; the agency notes progress in reforming the CAT, including cost reductions and reduced exposure of personal data, while seeking further input on foundational aspects and regulatory responses.