💼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📈Proposed Amendments to Rule 605 of Regulation NMS and Business Impact
The Securities and Exchange Commission announces proposed amendments to the National Market System Plan under Rule 605 of Regulation NMS, aiming to modernize execution quality reporting. These changes will include expanded reporting for multiple entities, updated data fields, and the introduction of new summary reports to enhance market transparency and compliance.
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