27 Jun 2025
⏳SEC Proposes Change to CAT Compliance Rule on Timestamp Exemption
Self-Regulatory Organizations; Miami International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 1706, Consolidated Audit Trail Compliance Rule-Time Stamps, To Update the Expiration Date of the Exemption in Rule 1706(a)(2) From April 8, 2025 to April 8, 2030
Summary
The SEC announced the immediate effectiveness of a proposed rule change by the Miami International Securities Exchange, LLC, to amend Rule 1706, updating the expiration date of an exemption related to timestamp granularity from April 8, 2025, to April 8, 2030. This change aims to ensure compliance with the extended relief granted to Industry Members regarding reporting practices under the Consolidated Audit Trail.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change extends the expiration date of the timestamp granularity exemption in Rule 1706, impacting compliance requirements for Industry Members. Businesses must adjust reporting practices to align with this extended exemption, potentially affecting operational processes and data management.