Consolidated Audit Trail LLC

“The organization has members as it is a section 501(c)(6) organization.”

“The operating committee represents the governing body of the organization. The operating committee is appointed by the organization's participants (members).”

“The organization's governing body, the operating committee, reviews form 990. The tax return is made available to all committee members for seven days before it is finalized and filed with the internal revenue service.”

“No member of the operating committee, nor any officer reporting to the operating committee, will receive any compensation from the organization for serving as a member of the operating committee or as an officer of the organization.”

“Governing documents and financial statements are available for public inspection upon request.”

“The organization has formed an operating committee (the "operating committee") to manage the organization. The operating committee shall have the general charge and supervision and, acting collectively, shall be the sole manager of the organization. The operating committee is comprised of one voting member and one alternate member from each of the sros, with one elected chair, who will serve a two year term.”

“Effective october 1, 2012, the securities and exchange commission ("sec") adopted rule 613 under the securities exchange act of 1934 ("rule 613") to create a consolidated audit trail (the "cat system") that would allow regulators to efficiently and accurately track all activity throughout the u.s. Markets in national market system ("nms") securities. Among other things, the rule required the national securities exchanges and the financial industry regulatory authority ("finra"), collectively the self-regulatory organizations, ("sros or "members") to jointly submit a plan, called an nms plan, to create, implement and maintain a consolidated audit trail of the nms activity. Rule 613 specifies the type of data to be collected and when the data is to be reported to a central repository. On september 30, 2014, the sros submitted to the sec the proposed nms plan in accordance with rule 613 which was eventually amended and replaced in its entirety on february 27, 2015 with the amended and restated cat nms plan ("cat nms plan"). On november 15, 2016, the sec voted to approve the amended and restated cat nms plan. Subsequent to sec's approval of the cat nms plan, cat nms, llc ("cat nms") was formed by the sros in response to sec rule 613 to create, implement and maintain the cat system. On august 29, 2019, the sros formed a new delaware limited liability company, consolidated audit trail, llc (the organization or "cat llc"), an exempt organization under irc section 501(c)(6), for the purposes of conducting activities relating to the cat system. Pursuant to an amendment to the cat nms plan filed with the sec on august 29, 2019, the limited liability company agreement of cat llc now serves as the cat nms plan.”

“Transfer of cash from predecessor organization, cat nms, llc 130,140.”

“The organization has not changed its oversight process or selection process during the taxable year.”