14 Jul 2025
💵NYSE American Implements New Fee Structure for 2025
Self-Regulatory Organizations; NYSE American 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 SEC announces NYSE American's proposed rule change to implement CAT Fee 2025-2, designed to cover the budgeted costs for the operation of the Consolidated Audit Trail from July to December 2025. The new fee structure affects transactions by Industry Members through a modest rate per executed equivalent share, contributing to financial transparency within the market.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed regulation establishes a new CAT Fee 2025-2, which directly impacts Industry Members, requiring them to pay fees that contribute toward the recovery of budgeted costs for the Consolidated Audit Trail. This affects operational expenses for businesses involved in trading on the NYSE American.