9 Jul 2025
💰Cboe BYX Proposed Rule Change
Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish Fees for Industry Members Related to Reasonably Budgeted Costs of the National Market System Plan Governing the Consolidated Audit Trail for the Period From July 1, 2025 Through December 31, 2025
Summary
The SEC has published a notice regarding Cboe BYX Exchange's proposed rule change, introducing new fees for Industry Members related to the National Market System Plan Governing the Consolidated Audit Trail. This adjustment aims to recover budgeted costs for the period from July 1, 2025, to December 31, 2025, impacting compliance and operational expenses for trading businesses.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change introduces a new fee structure for Industry Members related to the Consolidated Audit Trail (CAT) costs. This impacts businesses involved in securities trading, necessitating compliance and financial adjustments to accommodate these new fees, thus affecting overall operating costs.