8 Jul 2025
📈Proposed Rule Change for Industry Member Fees in 2025
Self-Regulatory Organizations; MEMX LLC; 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 issued a notice regarding a proposed rule change by MEMX LLC that introduces new fees for industry members related to the National Market System Plan for the Consolidated Audit Trail. This initiative aims to recover budgeted costs and enforce compliance among securities firms from July to December 2025.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The content discusses the proposed rule change establishing fees for industry members related to the National Market System Plan. This directly impacts business owners and executives involved in securities trading due to the financial burdens imposed by the new fees associated with the Consolidated Audit Trail, making compliance a necessity.