đŸ“ˆConsolidated Audit Trail Funding Model Changes and Implications
Joint Industry Plan; Notice of Filing of Amendment to the National Market System Plan Governing the Consolidated Audit Trail Regarding CAT Funding Model
Summary
The SEC has published a notice regarding proposed amendments to the National Market System Plan governing the Consolidated Audit Trail (CAT). The amendments introduce a revised funding model, impacting how fees are assessed on industry participants. This change is essential for maintaining CAT as a critical regulatory tool, addressing both current and historical costs of operation within financial markets.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The content outlines regulatory changes affecting the funding model of the Consolidated Audit Trail (CAT), which directly impacts financial responsibilities for industry participants, including potential fee increases. It involves compliance with SEC regulations, necessitating adjustments in financial practices for businesses in the securities market.