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Outdated design of CAT makes the regulatory initiative a money pit and a national security threat, Kelvin To of Data Boiler Technologies writes.
This “elephant in the room” has been stirring up many concerns by CAT participants and industry members. These include the proposed limitation of liability provisions; the revised funding model set forth in Article XI of CAT NMS Plan; and enhanced security pertaining to potential breach of privacy / security protection of non-public data and personal identifiable information (PII) of CAT.