9 Jul 2025
💰New CAT Fee 2025-2 Impacting Industry Members Announced by NYSE
Self-Regulatory Organizations; New York Stock Exchange 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 NYSE has filed a proposed rule change to implement CAT Fee 2025-2, which establishes fees related to the costs of the Consolidated Audit Trail for the second half of 2025. This initiative aims to recover budgeted expenses associated with the operation and compliance of the CAT system, impacting industry members and transaction costs.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed CAT Fee 2025-2 introduces new fees for industry members, impacting transaction costs and potentially influencing business expenses and pricing strategies for brokerage firms involved with CAT data submission. This alters the operational budget and could have significant financial implications.