Title
Notice of Designation of a Longer Period for Commission Action on Proposed Amendments to the National Market System Plan Governing the Consolidated Audit Trail Regarding Cost Savings Measures
Notice Rule
Notice of Filing of the National Market System Plan Governing the Consolidated Audit Trail
Joint Industry Plans, National Market System Plans (NMS)
Overview
On March 13, 2023, the Consolidated Audit Trail, LLC (“CAT LLC”), on behalf of the Participants to the National Market System Plan Governing the Consolidated Audit Trail (“CAT NMS Plan” or “Plan”), filed with the Securities and Exchange Commission (“Commission”), pursuant to Section 11A of the Exchange Act and Rule 608 of Regulation National Market System (“Regulation NMS”) thereunder, a proposed amendment to the CAT NMS Plan (“Proposed Amendment”) to implement a revised funding model (“Executed Share Model”) for the consolidated audit trail (“CAT”) and to establish a fee schedule for Participant CAT fees in accordance with the Executed Share Model (“Proposed Participant Fee Schedule”). The Proposed Amendment was published for comment in the Federal Register on March 21, 2023.
On June 16, 2023, the Commission instituted proceedings pursuant to Rule 608(b)(2)(i) of Regulation NMS to determine whether to disapprove the Proposed Amendment or to approve the Proposed Amendment with any changes or subject to any conditions the Commission deems necessary or appropriate after considering public comment (“OIP”).
This order approves the Proposed Amendment.
Title
Notice of Filing and Immediate Effectiveness of Amendment to the National Market System Plan Governing the Consolidated Audit Trail to Add MIAX Sapphire, LLC as a Participant
Release Number
34-100631
SEC Issue Date
Title
Order Instituting Proceedings to Determine Whether to Approve or Disapprove an Amendment to the National Market System Plan Governing the Consolidated Audit Trail Regarding Cost Savings Measures
Title
Order Approving an Amendment to the National Market System Plan Governing the Consolidated Audit Trail
Release Number
34-98290
SEC Issue Date
Title
Notice of Designation of Longer Period for Commission Action on the Proposed National Market System Plan Governing the Consolidated Audit Trail by BATS Exchange, Inc., BATS-Y Exchange, Inc., BOX Options Exchange LLC, C2 Options Exchan
Release Number
34-78441
SEC Issue Date
Federal Register Publish Date
Document Citation
81 FR 51527
Title
Notice of Filing of the National Market System Plan Governing the Consolidated Audit Trail
Release Number
34-77724
SEC Issue Date
Federal Register Publish Date
Document Citation
81 FR 30613
Title
Order Approving the National Market System Plan Governing the Consolidated Audit Trail
Release Number
34-79318
SEC Issue Date
Federal Register Publish Date
Document Citation
81 FR 84696
Title
Notice of Filing and Immediate Effectiveness of Amendment to the Plan Governing the Consolidated Audit Trail To Add MIAX PEARL, LLC as a Participant
Release Number
34-79898
SEC Issue Date
Federal Register Publish Date
Document Citation
82 FR 9250
Title
Notice of Filing and Immediate Effectiveness of Amendment No. 2 to the National Market System Plan Governing the Consolidated Audit Trail by Bats BYX Exchange, Inc., Bats BZX Exchange, Inc., Bats EDGA Exchange, Inc., Bats EDGX Exchang
Release Number
34-80930
SEC Issue Date
Federal Register Publish Date
Document Citation
82 FR 28180
Title
Order of Summary Abrogation of Amendment No. 2 to the National Market System Plan Governing the Consolidated Audit Trail by Bats BYX Exchange, Inc., Bats BZX Exchange, Inc., Bats EDGA Exchange, Inc., Bats EDGX Exchange, Inc., BOX Opti
Release Number
34-81189
SEC Issue Date
Federal Register Publish Date
Document Citation
82 FR 35005
Title
Notice of Withdrawal of Amendment No. 4 to the National Market System Plan Governing the Consolidated Audit Trail
Release Number
34-82892
SEC Issue Date
Federal Register Publish Date
Document Citation
83 FR 12633
Title
Notice of Filing and Immediate Effectiveness of Amendment to the Plan Governing the Consolidated Audit Trail To Add MIAX Emerald LLC, as a Participant
Release Number
34-85230
SEC Issue Date
Federal Register Publish Date
Document Citation
84 FR 8356
Title
Notice of Filing and Immediate Effectiveness of Amendment to the National Market System Plan Governing the Consolidated Audit Trail by Cboe BYX Exchange, Inc., Cboe BZX Exchange, Inc., Cboe EDGA Exchange, Inc., Cboe EDGX Exchange, Inc
Release Number
34-87149
SEC Issue Date
Federal Register Publish Date
Document Citation
84 FR 52905
Title
Notice of Filing and Immediate Effectiveness of Amendment to the Plan Governing the Consolidated Audit Trail To Add Long-Term Stock Exchange LLC as a Participant
Release Number
34-87595
SEC Issue Date
Federal Register Publish Date
Document Citation
84 FR 65447
Title
Notice of Filing of Amendment to the National Market System Plan Governing the Consolidated Audit Trail by BOX Options Exchange LLC, Cboe BYX Exchange, Inc., Cboe BZX Exchange, Inc., Cboe EDGA Exchange, Inc., Cboe EDGX Exchange, Inc.,
Release Number
34-89052
SEC Issue Date
Federal Register Publish Date
Document Citation
85 FR 36623
Title
Notice of Filing and Immediate Effectiveness of Amendment to the National Market System Plan Governing the Consolidated Audit Trail To Add MEMX LLC as a Participant
Release Number
34-89306
SEC Issue Date
Federal Register Publish Date
Document Citation
85 FR 43626
Title
Order Approving Amendment to the National Market System Plan Governing the Consolidated Audit Trail
Release Number
34-89397
SEC Issue Date
Federal Register Publish Date
Document Citation
85 FR 45941
Title
Notice of Filing of Amendment to the National Market System Plan Governing the Consolidated Audit Trail by BOX Exchange LLC; Cboe BYX Exchange, Inc., Cboe BZX Exchange, Inc., Cboe EDGA Exchange, Inc., Cboe EDGX Exchange, Inc., Cboe C2
Release Number
34-90826
SEC Issue Date
Federal Register Publish Date
Document Citation
86 FR 591
Title
Order Instituting Proceedings To Determine Whether To Approve or Disapprove an Amendment to the National Market System Plan Governing the Consolidated Audit Trail
Release Number
34-91487
SEC Issue Date
Federal Register Publish Date
Document Citation
86 FR 19054
Title
Notice of Filing of Amendment to the National Market System Plan Governing the Consolidated Audit Trail by BOX Exchange LLC; Cboe BYX Exchange, Inc., Cboe BZX Exchange, Inc., Cboe EDGA Exchange, Inc., Cboe EDGX Exchange, Inc., Cboe C2
Release Number
34-91555
SEC Issue Date
Federal Register Publish Date
Document Citation
86 FR 21050
Title
Notice of Designation of a Longer Period for Commission Action on a Proposed Amendment to the National Market System Plan Governing the Consolidated Audit Trail
Release Number
34-92266
SEC Issue Date
Federal Register Publish Date
Document Citation
86 FR 35142
Title
Order Instituting Proceedings To Determine Whether To Approve or Disapprove an Amendment to the National Market System Plan Governing the Consolidated Audit Trail
Release Number
34-92451
SEC Issue Date
Federal Register Publish Date
Document Citation
86 FR 40114
Title
Notice of Designation of a Longer Period for Commission Action on a Proposed Amendment to the National Market System Plan Governing the Consolidated Audit Trail
Release Number
34-92854
SEC Issue Date
Federal Register Publish Date
Document Citation
86 FR 50201
Title
Notice of Designation of a Longer Period for Commission Action on a Proposed Amendment to the National Market System Plan Governing the Consolidated Audit Trail
Release Number
34-93227
SEC Issue Date
Federal Register Publish Date
Document Citation
86 FR 55900
Title
Order Disapproving an Amendment to the National Market System Plan Governing the Consolidated Audit Trail
Release Number
34-93484
SEC Issue Date
Federal Register Publish Date
Document Citation
86 FR 60933
Title
Notice of Withdrawal of Amendment to the National Market System Plan Governing the Consolidated Audit Trail
Release Number
34-93817
SEC Issue Date
Federal Register Publish Date
Document Citation
86 FR 72656
Title
Notice of Filing and Immediate Effectiveness of Amendment No. 4 to the National Market System Plan Governing the Consolidated Audit Trail by Cboe BYX Exchange, Inc., Cboe BZX Exchange, Inc., Cboe EDGA Exchange, Inc., Cboe EDGX Exchang
Release Number
34-82451
SEC Issue Date
Federal Register Publish Date
Document Citation
83 FR 1399
Title
Notice of Designation of a Longer Period for Commission Action on a Proposed Amendment to the National Market System Plan Governing the Consolidated Audit Trail, as Modified by Partial Amendment No. 1
Release Number
34-96725
SEC Issue Date
Federal Register Publish Date
Document Citation
88 FR 5059
Title
Order Instituting Proceedings To Determine Whether To Approve or Disapprove an Amendment to the National Market System Plan Governing the Consolidated Audit Trail
Release Number
34-96568
SEC Issue Date
Federal Register Publish Date
Document Citation
87 FR 80204
Title
Notice of Filing of Partial Amendment No. 1 to an Amendment to the National Market System Plan Governing the Consolidated Audit Trail
Release Number
34-96394
SEC Issue Date
Federal Register Publish Date
Document Citation
87 FR 74183
Title
Notice of Designation of a Longer Period for Commission Action on a Proposed Amendment to the National Market System Plan Governing the Consolidated Audit Trail
Release Number
34-96382
SEC Issue Date
Federal Register Publish Date
Document Citation
87 FR 73366
Title
Notice of Withdrawal of Amendment to the National Market System Plan Governing the Consolidated Audit Trail
Release Number
34-96102
SEC Issue Date
Federal Register Publish Date
Document Citation
87 FR 64294
Title
Notice of Filing of Amendment to the National Market System Plan Governing the Consolidated Audit Trail by BOX Exchange LLC; Cboe BYX Exchange, Inc., Cboe BZX Exchange, Inc., Cboe EDGA Exchange, Inc., Cboe EDGX Exchange, Inc., Cboe C2
Release Number
34-95874
SEC Issue Date
Federal Register Publish Date
Document Citation
87 FR 58876
Title
Order Instituting Proceedings To Determine Whether To Approve or Disapprove an Amendment to the National Market System Plan Governing the Consolidated Audit Trail
Release Number
34-95634
SEC Issue Date
Federal Register Publish Date
Document Citation
87 FR 54558
Title
Notice of Filing of Amendment to the National Market System Plan Governing the Consolidated Audit Trail by BOX Exchange LLC; Cboe BYX Exchange, Inc., Cboe BZX Exchange, Inc., Cboe EDGA Exchange, Inc., Cboe EDGX Exchange, Inc., Cboe C2
Release Number
34-95031
SEC Issue Date
Federal Register Publish Date
Document Citation
87 FR 35273
Title
Notice of Filing of Amendment to the National Market System Plan Governing the Consolidated Audit Trail
Release Number
34-94984
SEC Issue Date
Federal Register Publish Date
Document Citation
87 FR 33226
Title
Notice of Filing of Amendment to the National Market System Plan Governing the Consolidated Audit Trail
Title
Notice of Withdrawal of Proposed Amendment to the National Market System Plan Governing the Consolidated Audit Trail, as Modified by Partial Amendment Nos. 1 and 2
Title
Order Approving an Amendment to the National Market System Plan Governing the Consolidated Audit Trail
Release Number
34-97193
SEC Issue Date
Federal Register Publish Date
Document Citation
88 FR 18605
Title
Order Instituting Proceedings to Determine Whether to Approve or Disapprove an Amendment to the National Market System Plan Governing the Consolidated Audit Trail
Release Number
34-97750
SEC Issue Date
Federal Register Publish Date
Document Citation
88 FR 41142
Title
Notice of Filing of Amendment to the National Market System Plan Governing the Consolidated Audit Trail
Title
Notice of Filing of Amendment to the National Market System Plan Governing the Consolidated Audit Trail Regarding Cost Savings Measures
Title
Order Granting an Exemption Pursuant to Section 36(a)(1) of the Securities Exchange Act of 1934 and Rule 608(e) of Regulation NMS Under the Exchange Act, Relating to the Recordkeeping Requirements for Industry Test Data, as Required by Rule 17a-1 Under th
Title
Notice of Withdrawal of Amendment to the National Market System Plan Governing the Consolidated Audit Trail
Title
Notice of Filing of Amendment to the National Market System Plan Governing the Consolidated Audit Trail Regarding Reporting of Certain Verbal Activity, Floor and Upstairs Activity
Title
Notice of Filing of Partial Amendment No. 1 to an Amendment to the National Market System Plan Governing the Consolidated Audit Trail Regarding Cost Savings Measures
Title
Order Instituting Proceedings to Determine Whether to Approve or Disapprove an Amendment to the National Market System Plan Governing the Consolidated Audit Trail Regarding Reporting of Certain Verbal Activity, Floor and Upstairs Activity
Title
Order Approving Amendments to the National Market System Plan Governing the Consolidated Audit Trail Designed to Implement Cost Savings Measures
Title
Order Granting Exemptive Relief, Pursuant to Section 36(a)(1) and Rule 608(e) of the Securities Exchange Act of 1934, from Certain Provisions of Section 6.4(d)(ii)(C) and Appendix D, Sections 9.1, 9.2 and 9.4 of the National Market System Plan Governing t
Title
Notice of Designation of a Longer Period for Commission Action on a Proposed Amendment to the National Market System Plan Governing the Consolidated Audit Trail
Title
Notice of Designation of a Longer Period for Commission Action on a Proposed Amendment to the National Market System Plan Governing the Consolidated Audit Trail
Title
Order Granting Temporary Conditional Exemptive Relief, Pursuant to Section 36 of the Securities Exchange Act of 1934 and Rule 608(e) of Regulation NMS Under the Exchange Act, Relating to Granularity of Timestamps Specified in Section 6.8(b) and...
Release Number
34-102980
SEC Issue Date
Title
Order Approving an Amendment to the National Market System Plan Governing the Consolidated Audit Trail, as Modified by the Commission, Regarding the Reporting of Certain Verbal Activity, Floor and Upstairs Activity
Title
Notice of Filing of Amendment No. 1, and Order Instituting Proceedings to Determine Whether to Approve or Disapprove an Amendment to the National Market System Plan Governing the Consolidated Audit Trail, as Modified by Amendment No. 1, Regarding the...
Last Reviewed or Updated: June 26, 2025
Details
File Number
4-698
Rule Type
Notice
Release Number
34-102665
SEC Issue Date
Public Comments