💰New CAT Fee 2025-2 Affecting Industry Member Costs
The Securities and Exchange Commission has announced the proposed CAT Fee 2025-2, scheduled for implementation from July to December 2025. This fee, charged per executed equivalent share, is designed to help cover budgeted costs associated with the Consolidated Audit Trail's operation, affecting businesses engaged in equity trading.
Learn More💰Nasdaq PHLX Proposes Reduction in Options Regulatory Fee
The Securities and Exchange Commission published a notice regarding Nasdaq PHLX LLC's proposal to lower its Options Regulatory Fee from $0.0034 to $0.0024 per contract. This change, effective August 1, 2025, aims to align regulatory revenue with operational costs while ensuring equitable allocation among member organizations. The proposal seeks to enhance compliance and reduce transaction costs for participants in options trading.
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 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💰New CAT Fee 2025-2 Impacting Industry Members Announced by NYSE
The NYSE has filed a proposed rule change to implement CAT Fee 2025-2, which establishes fees related to the costs of the Consolidated Audit Trail for the second half of 2025. This initiative aims to recover budgeted expenses associated with the operation and compliance of the CAT system, impacting industry members and transaction costs.
Learn More📈SEC Notice on Exemption for Investment Fund Share Classes
The Securities and Exchange Commission has issued a notice regarding an application for an exemption under the Investment Company Act, allowing registered funds to issue multiple classes of shares with different sales loads and fees. Interested parties can request a hearing on the matter before July 28, 2025.
Learn More💸FINRA Proposes CAT Cost Recovery Fee 2025-2 Impacting Industry Members
FINRA's notice announces a proposed rule change to implement the Prospective CAT Cost Recovery Fee 2025-2, designed to recover budgeted costs for the consolidated audit trail system from industry members. This fee is structured based on transaction volumes and is integral for fulfilling the regulatory requirements and maintaining financial accountability within the National Market System Plan.
Learn More📈SEC Notice on Investment Company Act Exemption for Share Classes
The SEC issued a notice regarding an application for exemption under the Investment Company Act, allowing specified investment companies to issue multiple share classes with different fees. The application was submitted by Star Mountain Lower Middle-Market Capital Corp. and Star Mountain Fund Management, LLC, and interested parties may request a hearing on the matter.
Learn More📊SEC Proposes Extension for Form Custody Filing Compliance
The SEC is requesting an extension for the collection of information related to Form Custody, which requires broker-dealers to report on asset custody. This process is crucial for regulatory oversight and entails significant compliance costs, impacting approximately 3,470 entities in the securities industry. Comments are invited to enhance the collection's quality and feasibility.
Learn More📄SEC Comments on Proposed Collection for Form F-8 Registration
The SEC is seeking public comments on the proposed collection of information related to Form F-8, a registration statement used by certain Canadian issuers for exchange offers and business combinations under the U.S. Securities Act. The notice highlights the importance of the form in improving efficiency and aiding investors in decision-making.
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