27 Jun 2025
⏳Cboe EDGX Rule Change on Timestamp Granularity Compliance Exemption
Self-Regulatory Organizations; Cboe EDGX 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 EDGX Exchange proposes a rule change to amend its compliance rule regarding timestamp granularity. This adjustment aligns with exemptive relief granted by the SEC, extending the exemption until April 8, 2030, allowing Industry Members to truncate timestamps for reporting to the Central Repository rather than rounding them.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change extends an exemption pertaining to timestamp granularity, affecting compliance requirements for businesses reporting to the Central Repository. This impacts Industry Members' reporting practices, providing more flexibility until 2030 and potentially reducing compliance costs.