⏰FINRA Proposes Rule Change to Extend Trade Reporting Hours
The Financial Industry Regulatory Authority (FINRA) proposes to amend its rules to extend the operating hours of its Trade Reporting Facilities from 8 a.m. to 4 a.m. Eastern Time. This change aims to facilitate real-time reporting and public dissemination of OTC trades in National Market System stocks executed during early morning hours, enhancing market transparency.
Learn More⏱️Proposed Rule Change on CAT Compliance for Timestamp Granularity
The SEC has published a notice regarding the Long-Term Stock Exchange's proposed rule change to amend the CAT Compliance Rule. This amendment extends the timestamp granularity exemption, allowing businesses to truncate timestamps to satisfy regulatory requirements until April 8, 2030. The proposal aims to streamline compliance with the National Market System Plan Governing the Consolidated Audit Trail.
Learn More📈SEC Sunshine Act Closed Meeting – Business Implications Overview
The SEC has scheduled a closed meeting to discuss critical matters including injunctive actions and administrative proceedings. This session is restricted to select SEC officials and may alter future regulatory priorities, presenting potential implications for businesses involved in securities and compliance activities. Changes in meeting schedules will be posted on the SEC's website.
Learn More📈NYSE Arca Connectivity Fee Schedule Rule Change
The NYSE Arca proposes amendments to its Connectivity Fee Schedule, affecting access to various third-party systems and data feeds. This includes the addition of new services, adjustments in fees, and guidelines on redistribution fees. The changes aim to enhance user options while maintaining competitive pricing for connectivity services, responding to market demands.
Learn More💼Cboe BZX CAT Funding Fees Impact for Industry Members in 2025
The Cboe BZX Exchange proposes a rule change to implement fees for Industry Members associated with the operational costs of the Consolidated Audit Trail (CAT) from July to December 2025. The fees are intended to cover reasonably budgeted costs essential for maintaining the CAT, impacting market participants significantly.
Learn More💰Implementation of CAT Fee 2025-2 by Miami International Securities Exchange
The Securities and Exchange Commission has published a notice regarding the filing of a proposed rule change by Miami International Securities Exchange to implement CAT Fee 2025-2. This fee is intended to cover the costs of maintaining the Consolidated Audit Trail, aiming to recover expenses incurred in the operational and regulatory frameworks for the period from July to December 2025.
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's Proposed Rule Change
The SEC publishes a notice detailing FINRA's proposed fee changes for Industry Members related to the Consolidated Audit Trail system. The amendment introduces CAT Fee 2025-2, which aims to cover reasonably budgeted costs for the CAT, impacting transactions carried out by various financial entities.
Learn More📄SEC Proposes Collection of Information for Financial Institutions
The Securities and Exchange Commission (SEC) is requesting comments on the proposed collection of information through several new forms related to government securities activities. This notice pertains to compliance requirements for certain financial institutions, inviting feedback on the necessity and burden of the information collection and highlighting its importance for regulatory oversight.
Learn More📈Nasdaq Proposes Rule Change on Transaction Credits for 2025
The Securities and Exchange Commission published a notice regarding Nasdaq's proposed rule change to amend transaction credits at Equity 7, Section 118(a). The change aims to clarify the implementation of the M-ELO Supplemental Credit B, aligning it with original intentions. The proposal seeks to enhance competitive practices without imposing undue burdens on market participants.
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