📈Impact of Proposed CAT Fee 2025 on Industry Members
The Securities and Exchange Commission announces the proposed rule change to establish CAT Fees for Industry Members, effective from July 1, 2025. This measure is intended to fund the budgeted costs associated with maintaining the Consolidated Audit Trail, significantly influencing the cost structure within the securities industry and requiring Industry Members to adjust their financial strategies accordingly.
Learn More💼SEC Notice on Dream Exchange Holdings, Inc. Application for Registration
The Securities and Exchange Commission published a notice regarding Dream Exchange Holdings, Inc.'s application for registration as a national securities exchange. The notice invites public comments on the proposed exchange's operational structure, which includes a technology services agreement for its trading platform. The filing reflects updates to governance provisions and aims to ensure compliance with existing securities laws.
Learn More💼Proposed Rule Change for CAT Fee 2025-2 Impacting Industry Members
The Securities and Exchange Commission announced the immediate effectiveness of a proposed rule change by MIAX Emerald, which amends the fee schedule to introduce a new fee for industry members related to the National Market System Plan governing the Consolidated Audit Trail. The fee aims to recover budgeted costs for the operation of the consolidated audit trail over a specific period.
Learn More📉IRS Disapproval of Digital Asset Reporting Regulation Impacts Businesses
Pursuant to its authority under the Congressional Review Act (CRA), Congress passed a joint resolution disapproving the final rule titled "Gross Proceeds Reporting by Brokers that Regularly Provide Services Effectuating Digital Asset Sales," and the President signed the resolution. Under the joint resolution and by operation of the CRA, this final rule has no legal force or effect. The Department of the Treasury (Treasury Department) and the IRS hereby remove this final rule from the Code of Federal Regulations (CFR) and revert the relevant text of the CFR back to the text that was in effect immediately prior to the effective date of this final rule.
Learn More💰SEC Proposed CAT Fees 2025-2 Impact on Industry Members
The SEC has published a notice regarding the proposed CAT Fee 2025-2, which aims to establish fees to cover costs for the National Market System plan governing the Consolidated Audit Trail. This fee implementation will require compliance from Industry Members within the securities sector for effective operation and cost recovery.
Learn More🚫Special Measures Against CIBanco, Intercam, and Vector by FinCEN
FinCEN is issuing notice of an order amending its three June 2025 orders prohibiting certain transmittals of funds involving CIBanco S.A., Institution de Banca Multiple (CIBanco), Intercam Banco S.A., Instituci[oacute]n de Banca Multiple (Intercam), and Vector Casa de Bolsa, S.A. de C.V. (Vector), financial institutions operating outside of the United States determined to be of primary money laundering concern in connection with illicit opioid trafficking. This order extends the effective date of the three prior orders by 45 days, to September 4, 2025.
Learn More💼Proposed Changes to Call Report
In accordance with the requirements of the Paperwork Reduction Act of 1995 (PRA), the OCC, the Board, and the FDIC (the agencies) may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The Federal Financial Institutions Examination Council (FFIEC), of which the agencies are members, has approved the agencies' publication for public comment of a proposal to revise and extend for three years the Consolidated Reports of Condition and Income (Call Report) (FFIEC 031, FFIEC 041, and FFIEC 051), which is currently an approved collection of information. The agencies are proposing revisions to the Call Report related to proposed revisions to the enhanced supplementary leverage ratio standard applicable to depository institution subsidiaries of global systemically important bank holding companies under the agencies' regulatory capital rules.
Learn More💰SEC Approval for NYSE Arca's Bitcoin and Ethereum ETF Listing
The SEC has published a notice regarding NYSE Arca's proposed Rule Change to list and trade shares of the Truth Social Bitcoin and Ethereum ETF, providing a structured investment vehicle for market participants. This proposal includes regulatory provisions intended to enhance market integrity and investor protection.
Learn More💰Proposed CAT Fee Change and Its Impact on Industry Members
The Securities and Exchange Commission announces a proposed rule change by MIAX Sapphire to amend fees for industry members linked to the National Market System Plan Governing the Consolidated Audit Trail. These changes affect the financial landscape for market participants through new cost assessments aimed at budgeted audit trail expenses from July to December 2025.
Learn More💰Cboe BYX Proposed Rule Change
The SEC has published a notice regarding Cboe BYX Exchange's proposed rule change, introducing new fees for Industry Members related to the National Market System Plan Governing the Consolidated Audit Trail. This adjustment aims to recover budgeted costs for the period from July 1, 2025, to December 31, 2025, impacting compliance and operational expenses for trading businesses.
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