11 Jul 2025
💰Proposed CAT Fee Rule Changes Affect Industry Financials
Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fee Schedule 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 has published a notice on a proposed rule change regarding the MIAX PEARL Exchange’s fee schedule for the Consolidated Audit Trail. The proposal aims to adjust fees for industry members based on budgeted costs for maintaining the national market system plan, impacting trading costs significantly.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
This content outlines proposed rule changes related to the CAT fee, implicating compliance and regulatory requirements for Industry Members, affecting their financial obligations. The fee changes signal direct financial implications tied to trading activities, requiring businesses to strategically adjust their budgets accordingly.