27 Jun 2025
📊BOX Exchange Rule Change on Timestamp Granularity Compliance
Self-Regulatory Organizations; BOX Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Expiration Date in Rule 16060 (Consolidated Audit Trail-Time Stamps) To Be Consistent With the Exemptive Relief Granted by the Commission From Certain Provisions Related to Timestamp Granularity
Summary
The SEC has published a notice regarding the proposed rule change by BOX Exchange LLC to extend the expiration date for timestamp granularity exemptions from April 8, 2025, to April 8, 2030. This amendment aligns with the 2025 Timestamp Granularity Exemption, simplifying compliance for industry members using detailed timestamp data in their systems.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The text involves compliance with regulatory requirements as BOX Exchange LLC proposes to extend timestamp granularity exemptions until 2030, affecting industry members’ reporting practices. These changes require organizations to align their systems, impacting financial reporting accuracy and compliance costs.