n-Tier is fully certified as a CAIS report submitter

The CAT Customer & Account Information System (CAIS) is a separate system for submission of customer and account data and is scheduled to go live in two phases.

Phase 1 – April 2021 – CAT reporter firms were required to begin reporting account and LTID data associated with an FDID

Phase 2 – December 2022 – CAT reporter firms must begin reporting full customer and account data.

CAIS will challenge firms by requiring that they report:

Phase 1

  • FDIDs and their associated LTIDs/ULTIDs.
  • Audit trail information of when those associations were implemented.
  • Audit trail information as to when LTIDS and FDID change their associations or cease to exist. Events that can change associations could be account closures, Large Trader status change, or broker dealer mergers that cause client accounts structures to be combined.
  • Meta data that describes the type of FDID being reported on.
  • Entity relationships FDIDs and their associated LTIDS.

Phase 2

  • All FDIDs reported to FINRA CAT (not just those with LTID/ULTID)
  • Full customer and account attributes, including name, address, Tax ID or other identifier, year of birth, LTID/ULTID, authorized traders, etc.
  • Translation of tax identifiers to a CAIS TID value to be reported to the CCID subsystem.
  • CCID report must be paired and linked to the CAIS report of account meta data via a unique customer RecordID.
  • Audit trail data created by firm maintenance workflows that affect reported data.

Functionality Overview

  • Be better prepared for CAIS by leveraging our existing reconciliation, validation and reporting framework.
  • CAT vs CAIS validations to help ensure accuracy and consistency between reference data in Transaction reporting and related CAIS attributes.
  • We can apply the transformed tax identifier (TID) algorithm to your SSN, EIN and ITIN for TID reporting to the FINRA CCID subsystem.
  • A single platform to view your CAIS reports, underlying source data, related firm and client reporting and corresponding books and records.
  • Customizable complex rule sets to validate and accurately reconcile your paired CAIS file submissions against your account master data sources so that you are certain that no data gaps are occurring in your regulatory submissions.
  • Scalable architecture proven in production at some of the world’s largest financial institutions.
  • Web-based GUI with easy-to-use dashboards which allow users to quickly and efficiently identify, monitor, and manage errors which may impact their reports.
  • Can be run on-site or as a fully hosted cloud-based solution, allowing for quick time to market.

This n-Tier offering provides a uniquely flexible solution with extensive functionality which is part of our existing regulatory platform that has been used by some of the largest financial institutions for years.

To learn more about our Consolidated Audit Trail (CAT) solution, click here.