⏳SEC Proposes Amendment to IEX Rule 11.660 on Timestamp Granularity
Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend IEX Rule 11.660 of the Exchange's Consolidated Audit Trail Compliance Rule Regarding the National Market System Plan Governing the Consolidated Audit Trail 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 for a proposed rule change by Investors Exchange LLC to amend Rule 11.660, aligning it with the 2025 Timestamp Granularity Exemption. This change extends the exemption period for the requirement on timestamp reporting practices for industry members, allowing for compliance flexibility. The amendment aims to support regulatory obligations under the Consolidated Audit Trail.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposal to amend IEX Rule 11.660 to extend the timestamp granularity exemption will impact industry members directly involved in compliance with the Consolidated Audit Trail requirements, ensuring they can continue operations with less stringent timestamp reporting until 2030. This extension has regulatory compliance significance affecting reporting practices.