SEC Approves a Longer Period to Review Fees for the Consolidated Audit Trail
Earlier this year, several exchanges and the Financial Industry Regulatory Authority filed proposed rule changes to adopt industry member fees that would fund the consolidated audit trail (CAT). The proposed rule changes were immediately effective upon filing with the Securities and Exchange Commission. However, on June 30, the SEC temporarily suspended the rules and initiated proceedings to determine whether it should approve the proposed CAT fees.
On November 9, the SEC extended the time period to consider each of the proposed rule changes to January 14, 2018. The SEC release is available here.