12 Sep 2025
🕒NYSE American's Proposed Rule Change on Timestamp Granularity Explained
Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of Proposed Change To Amend the Rule 6800 Series
Summary
The NYSE American has proposed a rule change to amend its Compliance Rule related to the timestamp granularity required for the Consolidated Audit Trail. This change seeks to extend the exemptive relief previously granted, adjusting compliance requirements for industry members who handle timestamps in increments finer than nanoseconds.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change amends compliance obligations related to timestamp granularity for industry members under the Consolidated Audit Trail (CAT) rules. Extending this exemption until April 8, 2030, affects how businesses must report data, impacting compliance costs and operational practices.