2025-06885Notice

SEC Extends Review of Trade Audit Trail Changes

Published Date: 4/22/2025

Notice

Summary

The SEC is taking more time to decide on a change to how stock exchanges report certain trading activities, like verbal and floor trades, to the Consolidated Audit Trail (CAT). This affects many big stock exchanges and trading groups who help keep markets fair and transparent. No new costs or deadlines yet, but the decision period is officially extended to make sure everything’s carefully reviewed.

No Economic Impacts Identified for this Document

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Key Dates

Effective Date
Published Date
4/17/2025
4/22/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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