The week ahead: SEC to consider changes to consolidated audit trail

Activity is expected to pick up as fall approaches and Labor Day recedes, and the industry continues to debate the merits of the SEC's final rules for the private funds industry released last month.

The SEC is keeping up with its busy schedule, and will meet Wednesday to consider changes to the national market system plan governing the consolidated audit trail, or CAT. When fully implemented in 2024 or 2025, the CAT will be a single database for all equity and options trades on U.S. exchanges.

In the U.K., the government on Tuesday will close a consultation on leveraging retirement assets to support domestic companies and allow more alternative assets, what the Department for Work and Pensions calls "productive finance."

And on Wednesday, the U.K.'s Treasury Committee will question the Bank of England governor and members of the Monetary Policy Committee and Financial Policy Committee on inflation and rising interest rates.

In pension fund news, the board of the $39.2 billion Indiana Public Employees Retirement System during a meeting Sept. 7 will review investments made by the pension fund's investment team. INPRS likely will have made commitments to traditional and alternative investment strategies.

And U.S. corporate pension plans have seen their pension funding surpluses continue to grow in the first half of 2023. This week, consultants and money managers will release their estimates of how those surpluses fared in July.