SEC Issues Order to Reduce Operating Costs of Consolidated Audit Trail
Why this matters
This regulatory update from the SEC relates to the Consolidated Audit Trail (CAT) requirements, which impact capital markets participants such as broker-dealers and asset managers. The order aims to reduce the operating costs associated with the CAT, which is a key reporting and operational resilience requirement for these firms.
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 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…
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, Operational Resilience / Outsourcing and Capital Markets & Trading.