14 Jul 2025
💰Nasdaq ISE Proposes CAT Fee 2025-2 for Industry Members
Self-Regulatory Organizations; Nasdaq ISE, 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
This regulatory notice outlines Nasdaq ISE, LLC's proposed changes to establish fees for industry members associated with the Consolidated Audit Trail, detailing budgeted costs and fee structures for the upcoming period. The implementation aims to support the operation and maintenance of the national market system.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The document details the introduction of “CAT Fee 2025-2,” which directly impacts financial obligations for industry members related to the Consolidated Audit Trail costs. This could affect operational budgets and financial planning for businesses involved in the national securities market.