NYSE National Extends Trade Deadline—More Time, Same Grind
Published Date: 9/12/2025
Notice
Summary
NYSE National is updating a rule about how it tracks trade times to match a new exemption that extends the deadline from 2025 to 2030. This change affects traders and firms using the Exchange’s systems, giving them more time before stricter timing rules kick in. The update is effective immediately and won’t cost anyone extra right now.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Timestamp Truncation Exemption Extended
If your firm is an Industry Member that captures timestamps finer than nanoseconds, you must continue truncating timestamps after the nanosecond level (not rounding) when submitting data to the Consolidated Audit Trail (CAT) until April 8, 2030. The Exchange amended Rule 6.6860(a)(2) to replace the prior expiration date of April 8, 2025 with April 8, 2030.
Amendment Effective Immediately Upon Filing
The Exchange filed the proposed rule change on August 27, 2025 and the Commission designated the proposal to be operative upon filing, so the amendment reflecting the April 8, 2030 expiration is effective immediately. The Exchange requested a waiver of the normal 30-day operative delay and the Commission granted that waiver.
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
Related Federal Register Documents
2026-12163 — The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS
The SEC wants to scrap some old rules that stop stocks from being traded at worse prices and prevent confusing market quotes. This change affects stock traders and exchanges, aiming to simplify trading and possibly speed things up. If you want to share your thoughts, you’ve got until August 17, 2026, so don’t miss out!
2026-10373 — Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222 — Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
2026-07651 — Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-13824 — Datum One Series Trust and Polar Capital LLP
Datum One Series Trust and Polar Capital LLP want to create a new kind of investment fund that offers both exchange-traded shares (like ETFs) and regular mutual fund shares all in one fund. This change could make investing easier and more flexible for people using these funds. If no one asks for a hearing by July 31, 2026, the SEC will likely approve this new setup soon.
2026-13816 — Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Rule 15b9-1
The SEC is asking for comments to extend a rule that affects brokers and dealers who trade stocks. If they trade off an exchange they belong to, they usually have to join a special group called an Association, but some exceptions apply. This keeps trading fair and safe without adding extra costs or paperwork for most folks.
Previous / Next Documents
Previous: 2025-17599 — Program for Allocation of Regulatory Responsibilities Pursuant to Rule 17d-2; Notice of Filing and Order Approving and Declaring Effective an Amendment to the Plan for the Allocation of Regulatory Responsibilities Among Cboe BZX Exchange, Inc., Cboe BYX Exchange, Inc., NYSE Texas, Inc., Cboe EDGA Exchange, Inc., Cboe EDGX Exchange, Inc., Financial Industry Regulatory Authority, Inc., MEMX LLC, MIAX PEARL, LLC, Nasdaq BX, Inc., Nasdaq PHLX LLC, The Nasdaq Stock Market LLC, NYSE National, Inc., New York Stock Exchange LLC, NYSE American LLC, NYSE Arca, Inc., Investors' Exchange LLC, Long-Term Stock Exchange, Inc., 24X National Exchange LLC, and Green Impact Exchange, LLC Relating to the Surveillance, Investigation, and Enforcement of Insider Trading Rules
The SEC just approved a fresh update to how 22 big stock exchanges and FINRA share the job of watching for insider trading. This means these groups will work together even better to catch and stop sneaky trading moves. The change kicks in right away and won’t cost anyone extra, but it makes the market safer and fairer for everyone.
Next: 2025-17601 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of the Bitwise Dogecoin ETF Under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares)
The SEC is taking more time to decide if the Bitwise Dogecoin ETF can be listed and traded on NYSE Arca. This affects investors and traders interested in Dogecoin through this new ETF, as the approval process is now extended, delaying when it might hit the market. No money changes yet, but patience is key while the SEC carefully reviews the proposal.