19 Feb 2025
📊SEC Proposes Amendment to Consolidated Audit Trail Reporting
Joint Industry Plan; Plan; Notice of Designation of a Longer Period for Commission Action on a Proposed Amendment to the National Market System Plan Governing the Consolidated Audit Trail
Summary
The SEC issued a notice regarding a proposed amendment to the National Market System Plan governing the Consolidated Audit Trail. This amendment pertains to the reporting of verbal activity and aims to enhance transparency and regulatory compliance among participating exchanges and financial institutions. The Commission has extended the review period for the amendment to ensure thorough consideration.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed amendment to the CAT NMS Plan introduces changes to consolidated audit trail reporting requirements, impacting compliance and operational obligations for SROs. This necessitates attention from businesses involved in securities trading to align with new regulatory standards.