SEC Cuts Cost of Consolidated Audit Trail

SEC Approves Amendment to NMS Plan to Further Reduce the Costs of the Consolidated Audit Trail

Washington D.C., March 27, 2026 — The Securities and Exchange Commission today approved an amendment to the National Market System Plan governing the Consolidated Audit Trail (“CAT”) and provided exemptive relief from certain requirements of Rule 17a-1 under the Securities Exchange Act of 1934 to allow for the implementation of various cost savings measures designed to meaningfully reduce the costs of the CAT while maintaining core regulatory fu…

SEC Cuts Cost of Consolidated Audit Trail

The Securities and Exchange Commission approved an amendment to the National Market System Plan governing the Consolidated Audit Trail (“CAT”) and provided exemptive relief from certain requirements of Rule 17a-1 under the Securities Exchange Act of 1934 to allow for the implementation of various cost savings measures designed to meaningfully reduce the costs of the CAT while maintaining core regulatory functionality. “After a decade of increasi…