💰Nasdaq MRX Fee Notice
The SEC published a notice regarding Nasdaq MRX's proposed rule change to establish fees for industry members related to the Consolidated Audit Trail's budgeted costs for July to December 2025. The new fees are expected to recover operational costs, thereby impacting trading firms and their financial strategies moving forward.
Learn More📈Amendment to National Market System Plan Approved by SEC
The SEC has approved an amendment to the National Market System Plan governing the Consolidated Audit Trail, modifying existing requirements for reporting verbal and electronic trading activities. This amendment aims to alleviate compliance burdens on firms while striving to maintain effective regulatory oversight in the financial markets. The changes are expected to reshape operational practices for industry participants significantly.
Learn More🔒SEC Grants Exemptive Relief for Customer Data Reporting Requirements
The SEC has issued an order granting exemptive relief from certain reporting requirements under the CAT NMS Plan, specifically for names, addresses, and years of birth associated with transformed SSNs or ITINs. This decision aims to balance regulatory objectives with privacy concerns, enhancing data protection while retaining essential regulatory tools.
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