8 Jul 2025
💰FINRA's Proposed Rule Change
Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend FINRA Rule 6897 (Consolidated Audit Trail Funding Fees) 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 publishes a notice detailing FINRA's proposed fee changes for Industry Members related to the Consolidated Audit Trail system. The amendment introduces CAT Fee 2025-2, which aims to cover reasonably budgeted costs for the CAT, impacting transactions carried out by various financial entities.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The notice involves the establishment of new fees specifically for Industry Members related to the CAT system, which will impact transactions from July 1, 2025. Businesses must prepare for the upcoming fee changes and adjust their financial planning and compliance practices accordingly.