Self-Regulatory Organizations; Long-Term Stock Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish Fees for Industry Members Related to Reasonably Budgeted CAT Costs of the National Market System Plan Governing the Consolidated Audit Trail for 2025
Published Date: 1/6/2025
Notice
Summary
Starting in 2025, members of the Long-Term Stock Exchange will pay new fees to cover the fair costs of running the Consolidated Audit Trail, a system that tracks stock trades to keep markets safe and fair. These fees kick in right away and help make sure everyone chips in their share for this important market watchdog tool. If you’re part of the industry, get ready to budget for these updated charges!
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Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Industry Fees for 2025 CAT Costs
If you are an Industry Member (defined as a member of a national securities exchange or a national securities association), the Long-Term Stock Exchange filed a rule to require Industry Members to pay fees to cover the reasonably budgeted Consolidated Audit Trail (CAT) costs for 2025. The proposal was filed on December 20, 2024, designated for immediate effectiveness, and the SEC is soliciting comments through January 27, 2025.
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