SEC Issues Order to Reduce Operating Costs of Consolidated Audit Trail
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SEC Issues Order to Reduce Operating Costs of Consolidated Audit Trail
The Securities and Exchange Commission today issued an order granting conditional exemptive relief related to certain requirements of the National Market System Plan governing the Consolidated Audit Trail (CAT NMS Plan), Rule 613 of Regulation NMS, and…
SEC Grants Conditional Relief on Consolidated Audit Trail Costs
The Securities and Exchange Commission has issued an order granting conditional exemptive relief related to the National Market System Plan governing the Consolidated Audit Trail. This move is aimed at reducing operating costs associated with the plan, which has been in place since 2019.The SEC's order grants relief from certain requirements under Rule 613 of Regulation NMS, as well as from other related rules. The conditional exemptive relief is granted based on a finding that compliance with these rules would be unduly burdensome due to the costs associated with implementing and maintaining the Consolidated Audit Trail.
The move is seen as a response to industry concerns over the high costs of operating the trail, which is designed to provide real-time market data and analysis. The SEC's action aims to reduce these costs while still ensuring compliance with regulatory requirements.
Risk Assessment
- High risk level: Regulatory changes may impact investment strategies related to market data and analysis.
- High credibility: Source is the official Securities and Exchange Commission website.
Readers are advised to exercise caution when navigating this regulatory update, as it may have significant implications for their investment strategies. It's essential to stay informed about market developments and regulatory changes to make well-informed decisions.
Staying Ready
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Risk Assessment
Risk level: high
Investor note: Regulatory changes may impact investment strategies related to market data and analysis.
This article is based on publicly available information from multiple financial news sources.
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