6 Jan 2025
📈FINRA Rule Change
Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend FINRA Rule 6897 (Consolidated Audit Trail Funding Fees) To Establish Fees for Industry Members Related to Prospective Costs of the National Market System Plan Governing the Consolidated Audit Trail
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change introduces a new fee structure under FINRA Rule 6897 for industry members, impacting financial costs associated with compliance for the Consolidated Audit Trail (CAT). Business owners and executives of securities firms need to account for these fees beginning February 2025, which may affect their operational budget and financial projections.