Notice 11 Jul 2025 compliance, sec, trading, securities, industry members, cat, fee, budget

💰New CAT Fee 2025-2 Affecting Industry Member Costs

The Securities and Exchange Commission has announced the proposed CAT Fee 2025-2, scheduled for implementation from July to December 2025. This fee, charged per executed equivalent share, is designed to help cover budgeted costs associated with the Consolidated Audit Trail's operation, affecting businesses engaged in equity trading.

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Notice 11 Jul 2025 compliance, sec, regulations, financial services, fees, market, cat

💰Proposed CAT Fee Rule Changes Affect Industry Financials

The SEC has published a notice on a proposed rule change regarding the MIAX PEARL Exchange’s fee schedule for the Consolidated Audit Trail. The proposal aims to adjust fees for industry members based on budgeted costs for maintaining the national market system plan, impacting trading costs significantly.

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Notice 9 Jul 2025 compliance, exchange, regulation, securities, fees, financial, market, cat

💰Cboe EDGA Proposed Fee Change for Consolidated Audit Trail

The Securities and Exchange Commission published a notice about Cboe EDGA Exchange's proposed fee change for Industry Members, aimed at recovering costs associated with the Consolidated Audit Trail (CAT). The proposal details fee structures for the remainder of 2025, covering operational expenses that ensure compliance and data management under the CAT NMS Plan.

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Regulatory Compliance, Financial Impact 10 Jan 2025 compliance, regulation, securities, nyse, fees, cat