14 Jul 2025
💰NYSE Arca Proposes New CAT Fees for Industry Members
Self-Regulatory Organizations; NYSE Arca, Inc.; 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 Arca's filing for a new rule to establish fees related to the National Market System Plan governing the Consolidated Audit Trail (CAT) for the second half of 2025. The fees aim to fund the operational costs of the CAT, affecting executing brokers based on their transaction volumes.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change establishes a new CAT Fee for industry members, directly impacting costs associated with the CAT regulatory framework. This means businesses active in securities trading will incur new expenses starting July 2025, necessitating adjustments in budgeting and financial forecasting.