SEC Approves Amendment to NMS Plan to Further Reduce the Costs of the Consolidated Audit Trail
Why this matters
This regulatory update from the SEC relates to the Consolidated Audit Trail (CAT), which is a regulatory reporting system for the U.S. securities markets. The update indicates changes to reduce the costs of the CAT, which is relevant for broker-dealers and other firms that are required to report to the CAT system. The update also mentions exemptive relief from certain reporting requirements, which could impact firms' compliance obligations.
AI-generated classification rationale, not a full analysis. Verify with the original SEC source before acting. Full disclaimer.
What the SEC said
The Securities and Exchange Commission today approved an amendment to the National Market System Plan governing the Consolidated Audit Trail (“CAT”) and provided exemptive relief from certain requirements of Rule 17a-1 under the Securities Exchange Act…
Published by SEC . Read the full notice at the source for the authoritative text.
Context
Securities and Exchange Commission (SEC) — Primary regulator of US securities markets. We track 295 updates from them.
US financial regulation is overseen by multiple agencies including the SEC, CFTC, Federal Reserve, OCC and FDIC. Browse all United States updates.
This update is classified under Reporting & Disclosure, Market Abuse / Surveillance and Capital Markets & Trading.