15 Jul 2025
⏱️Proposed Rule Change on CAT Compliance for Timestamp Granularity
Self-Regulatory Organizations; Long-Term Stock Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend LTSE 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 regarding the Long-Term Stock Exchange's proposed rule change to amend the CAT Compliance Rule. This amendment extends the timestamp granularity exemption, allowing businesses to truncate timestamps to satisfy regulatory requirements until April 8, 2030. The proposal aims to streamline compliance with the National Market System Plan Governing the Consolidated Audit Trail.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change affects compliance obligations for businesses trading on the Long-Term Stock Exchange by extending timestamp granularity regulations until April 8, 2030. Businesses must adjust their reporting systems to comply with these updated requirements, impacting operational processes.