27 Jun 2025
📈Cboe BZX Exchange Proposes Rule Change on Timestamp Granularity
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 4.10 of the Exchange's Compliance Rule To Be Consistent With the Exemptive Relief Granted by the Commission From Certain Provisions Related to Timestamp Granularity
Summary
The Cboe BZX Exchange proposes to amend its compliance rule to align with the SEC's 2025 Timestamp Granularity Exemption, extending the exemption period for specific timestamp reporting requirements from April 8, 2025, to April 8, 2030. This change is designed to assist Industry Members in regulatory compliance regarding the Consolidated Audit Trail.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The content outlines a proposed rule change which aligns timestamp reporting requirements for Industry Members with new exemptive relief, impacting compliance and operational practices for businesses engaged in trading securities. This impacts regulatory obligations for firms in terms of financial reporting and compliance with the Consolidated Audit Trail (CAT).