29 Sep 2025
🏦SEC Notice
Self-Regulatory Organizations; The Depository Trust Company; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Decommission the Initial Public Offering Tracking System
Summary
The SEC notice details a proposed rule change by the Depository Trust Company to decommission the Initial Public Offering Tracking System, an optional service utilized to monitor IPO share movement. The change aims to streamline DTC services and improve operational efficiency due to declining usage and market evolution. The associated fee for this service will also be eliminated.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change decommissions the IPO Tracking System, impacting business owners and executives who utilize DTC services. By removing the related fee and simplifying service offerings, DTC enhances operational efficiency, which may reduce costs for participants, aligning better with current market demands.