{
  "tool_id": "art-707-tsv-tier-cap-ladder",
  "kernel_id": "art-707-tsv-tier-cap-ladder",
  "display_name": "TSV Tier-Cap Ladder",
  "tool_version": "1.0.0",
  "mandate_type": "compliance_control",
  "purpose": "Replays a tokenized-stock venue's (TSV's) daily per-symbol share volume and distinct-symbol counts, aggregated across the TSV and its caller-declared affiliated TSVs, against the SEC TSV Exemption tier caps of FR 2026-19388 (91 FR 60174-76, condition F): Tier 1 is 75 symbols and 0.25 percent of the declared prior-month ADV, Tier 2 is 250 symbols and 2.5 percent; the daily volume cap in integer shares is floor(ADV x 25/10000) or floor(ADV x 250/10000), and a breach is volume strictly greater than the cap. Applies the condition F stepped-compliance ladder to volume breaches only: the first breach in a stock requires no action, every later breach forces an immediate three-month pause in that stock with affiliates included, and the node emits each pause window (breach date to breach date plus three calendar months, month-end clamped) and the notification and public-Notice obligations. Symbol-count breaches get no first-breach pass; the node reports the stated consequence (the TSV would not meet the conditions of the TSV Exemption) and imposes no pause, because the order states none. A stock with no declared prior-month ADV is reported INDETERMINATE, never given an assumed ADV. The order states no reset or look-back window for the ladder, so none is applied and the assumption is carried in the output. Evidence replay only over caller-supplied data: it never looks up LULD tiers or halts and never states or implies that a venue is compliant.",
  "control_description": "Replays a tokenized-stock venue's (TSV's) daily per-symbol share volume and distinct-symbol counts, aggregated across the TSV and its caller-declared affiliated TSVs, against the SEC TSV Exemption tier caps of FR 2026-19388 (91 FR 60174-76, condition F): Tier 1 is 75 symbols and 0.25 percent of the declared prior-month ADV, Tier 2 is 250 symbols and 2.5 percent; the daily volume cap in integer shares is floor(ADV x 25/10000) or floor(ADV x 250/10000), and a breach is volume strictly greater than the cap. Applies the condition F stepped-compliance ladder to volume breaches only: the first breach in a stock requires no action, every later breach forces an immediate three-month pause in that stock with affiliates included, and the node emits each pause window (breach date to breach date plus three calendar months, month-end clamped) and the notification and public-Notice obligations. Symbol-count breaches get no first-breach pass; the node reports the stated consequence (the TSV would not meet the conditions of the TSV Exemption) and imposes no pause, because the order states none. A stock with no declared prior-month ADV is reported INDETERMINATE, never given an assumed ADV. The order states no reset or look-back window for the ladder, so none is applied and the assumption is carried in the output. Evidence replay only over caller-supplied data: it never looks up LULD tiers or halts and never states or implies that a venue is compliant.",
  "declared_inputs": [],
  "declared_outputs": [],
  "kernel_digest": "sha256:ec31622899cd563e7242a8382b47262710dadead214839f5029e2dee08ab9e6d",
  "trust_label": "independently verified: zkVM execution proof (risc0/groth16-bn254)",
  "data_vintage": "2026-10-12",
  "last_validated": "2026-10-12",
  "conformance_fixtures_vendored": true,
  "compute_proof_ready": "ready",
  "wave": 126,
  "source_url": "https://ainumbers.co/chaingraph/art-707-tsv-tier-cap-ladder.html",
  "generated_at": "2026-10-22T22:47:42.717Z"
}