NYSE Tweaks Short Sale Rules for Clearer Stock Trading Data
Published Date: 12/10/2025
Notice
Summary
The New York Stock Exchange (NYSE) is updating its rules to match new reporting requirements about certain stock sales called short sales. This change affects broker-dealers who must now report if a sale uses a special market maker exception. The update is effective immediately and helps keep trading info clear and accurate without extra costs or delays.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
New CAT Reporting for Market-Maker Short Sales
Broker-dealers and other Industry Members must record and report to the Consolidated Audit Trail (CAT) whether the original receipt or origination of an order to sell an equity security is a short sale where a market maker claims the bona fide market making exception in Rule 203(b)(2)(iii) of Regulation SHO.
Rule Change Effective Immediately
The Exchange's amendment became operative immediately upon filing on December 2, 2025 after the Commission waived the normal 30-day operative delay, so Industry Members must comply without the usual 30-day implementation period.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Take It Personal
Get Your Personalized Policy View
Start a Free Government Policy Watch to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in