9 Jul 2025
💰Proposed Rule Change on Fees for Industry Members Related to CAT
Self-Regulatory Organizations; Long-Term Stock Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change 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 published a notice regarding a proposed rule change by the Long-Term Stock Exchange, Inc., aiming to establish fees for Industry Members associated with the Consolidated Audit Trail (CAT) for the latter half of 2025. This notice invites public comments and details the regulatory framework surrounding CAT costs and fee structures.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The content outlines proposed fee changes for Industry Members related to the National Market System Plan, which institutions will need to comply with. This impacts operational costs and regulatory obligations for businesses involved in securities trading.