14 Jul 2025
💰Proposed Rule Change for CAT Fees Impacting Industry Members
Self-Regulatory Organizations; NYSE Texas, 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 is announcing a proposed rule change by NYSE Texas to establish fees for industry members to cover budgeted costs of the National Market System Plan for the Consolidated Audit Trail. The fee will replace a previous fee and is intended for a six-month period, impacting industry financial obligations significantly.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The text outlines a proposed rule change regarding the establishment of fees for industry members related to the Consolidated Audit Trail (CAT) costs, which impacts firms' financial planning. The effective fee structure is articulated, indicating potential additional costs for executing brokers, impacting their operational expenses.