Regulatory Alerts2022-02-25
Notice of Proposed Amendments to the National Market System Plan Governing the Consolidated Audit Trail for Purposes of Short Sale-related Data Collection
The Securities and Exchange Commission is publishing notice of proposed amendments to the National Market System Plan Governing the Consolidated Audit Trail (CAT NMS Plan). These amendments, related to the "Short Position and Short Activity Reporting by Institutional Investment Managers" Proposing Release, would require reporting of "buy to cover" order marking information to the Consolidated Audit Trail. Additionally, the amendments mandate reporting of reliance on the bona fide market making exception under Regulation SHO, specifically modifying Section 6.4(d)(ii) of the CAT NMS Plan.
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