12 Sep 2025
📈NYSE Arca Proposes Rule Change for Timestamp Reporting Compliance
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Rule 11.6800 Series
Summary
The Securities and Exchange Commission has published a notice regarding NYSE Arca's proposed rule change to amend compliance rules related to timestamp reporting under the CAT NMS Plan. The amendment extends the timestamp granularity exemption, allowing Industry Members to truncate timestamps rather than round them, thereby facilitating compliance and operational efficiency for market participants.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change impacts compliance requirements for Industry Members regarding timestamp reporting under the CAT NMS Plan. Extending the timestamp granularity exemption until 2030 affects operational processes, which could require businesses to adapt their reporting systems to comply with the new regulatory framework.