⏳Cboe Exchange Proposes Rule Change on Timestamp Granularity
Cboe Exchange, Inc. has filed a proposed rule change to amend Rule 7.25 regarding timestamp granularity in compliance with the National Market System Plan. This rule aims to align with exemptive relief granted by the SEC, extending the exemption period to April 8, 2030, for certain timestamp reporting requirements. The rule change will impact how industry members handle timestamp data for reporting to the Central Repository.
Learn More📈SEC Proposal on Timestamp Granularity Compliance and Its Impact
The SEC has published a notice regarding MEMX LLC's proposed amendment to compliance rules to extend the timestamp granularity exemption until April 8, 2030. This change aims to align the Exchange's rules with regulatory requirements, ensuring industry members report timestamps accurately without rounding. The proposal addresses the practical needs of businesses in the trading sector related to compliance and reporting standards.
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