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 Issues Order to Reduce Operating Costs of Consolidated Audit Trail
The Securities and Exchange Commission has 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 other rules.The SEC's move aims to reduce operating costs associated with collecting and maintaining market data. The CAT NMS Plan has been in place since 2018, requiring broker-dealers to collect and report detailed trading information to the plan administrator.
Key Takeaways
- The order grants conditional exemptive relief from certain requirements of the National Market System Plan governing the Consolidated Audit Trail (CAT NMS Plan).
- The SEC aims to reduce operating costs associated with collecting and maintaining market data.
Risk Assessment
This SEC order may lead to changes in market data collection and audit requirements. Our system assesses this risk as high, with a credibility rating of high. We advise readers to exercise caution when analyzing the potential impact on their investments.
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The SEC's decision may have a ripple effect on various sectors of the financial industry. Market participants are advised to closely monitor developments and assess potential implications for their operations.
Risk Assessment
Risk level: high
Investor note: This SEC order may lead to changes in market data collection and audit requirements.
This article is based on publicly available information from multiple financial news sources.
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