FIS® Compliance Reporting Manager is a comprehensive solution designed to assist broker-dealers in meeting Consolidated Audit Trail (CAT) rules while significantly enhancing transparency in their reporting processes. It functions as a central forensic repository, efficiently handling the entire lifecycle of reportable events by collecting, normalizing, validating, transmitting, and maintaining this critical data. The system offers a single point of entry for submitting U.S. equities and options data for eligible securities directly to FINRA CAT for processing. A key advantage of the Compliance Reporting Manager is providing users with access to the same data regulators utilize, enabling them to detect and rectify errors proactively before CAT submission. This capability ensures a higher level of compliance and reduces the risk of non-compliance, mitigating potential scrutiny and fines through features like pre-submission simulation and progress reporting. The solution also empowers users to harness big data analytics, transforming compliance data into valuable business insights derived from Rule 613, all while enjoying enhanced security through robust controls and data protection measures.

Features & Benefits

• Streamlined CAT Compliance
  • Simplifies Consolidated Audit Trail (CAT) reporting by efficiently collecting, normalizing, validating, transmitting, and maintaining reportable events in one central forensic repository. It provides a single point of entry for submitting U.S. equities and options data to FINRA CAT.
• Proactive Error Detection & Mitigation
  • Enables users to detect and fix errors prior to CAT submission by providing access to the same data regulators use. It reduces the risk of non-compliance through pre-submission simulation and progress reporting.
• Enhanced Security & Data Protection
  • Ensures robust data protection and security through strong controls, safeguarding sensitive financial information.
• Big Data Analytics for Business Value
  • Harnesses the power of big data analytics to extract valuable business insights from Rule 613 compliance data.