📈Consolidated Audit Trail Funding Model Changes and Implications
The SEC has published a notice regarding proposed amendments to the National Market System Plan governing the Consolidated Audit Trail (CAT). The amendments introduce a revised funding model, impacting how fees are assessed on industry participants. This change is essential for maintaining CAT as a critical regulatory tool, addressing both current and historical costs of operation within financial markets.
Learn More💰Proposed Rule Change for CAT Fees Impacting Industry Members
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.
Learn More📈Proposed CAT Fee 2025-2 Notice for Industry Members
The SEC issued a notice regarding the proposed CAT Fee 2025-2, aimed at establishing fees for industry members related to the budgeted costs of the National Market System Plan. The new fee will apply for transactions from July 1, 2025, to December 31, 2025, and seeks to cover operational costs associated with the Consolidated Audit Trail.
Learn More