Search Results for citation:"90 FR 700"

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Search Results: citation:"90 FR 700"

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2024-31612 — Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend FINRA Rule 6897 (Consolidated Audit Trail Funding Fees) To Establish Fees for Industry Members Related to Prospective Costs of the National Market System Plan Governing the Consolidated Audit Trail
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January 06, 2025
Type:Notice
Citation:90 FR 700
Reading Time:about 4 minutes
The Financial Industry Regulatory Authority, Inc. (FINRA) has proposed a new rule to update fees under FINRA Rule 6897 related to the National Market System Plan's Consolidated Audit Trail for 2025. The updated fee, termed "CAT Fee 2025-1," will be $0.000022 per executed equivalent share. This fee adjustment aims to cover approximately half of the planned costs for 2025 and will replace the existing fee rate of $0.000035. The rule change is effective immediately and seeks public comments on its consistency with the Securities Exchange Act of 1934.
Simple Explanation
FINRA, which helps oversee how stocks are traded, wants to change the fee it charges companies when they trade shares, lowering it from $0.000035 to $0.000022 per share to help cover the costs of checking on trading activities. The change is happening right away, but some people are asking if the new amount is fair and if there will be clear information about the costs involved.
2024-31774 — Self-Regulatory Organizations; Cboe EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish Fees for Industry Members Related to Reasonably Budgeted CAT Costs of the National Market System Plan Governing the Consolidated Audit Trail for 2025
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January 06, 2025
Type:Notice
Citation:90 FR 700
Reading Time:about 3 minutes
The Securities and Exchange Commission has received a proposed rule change filing from Cboe EDGA Exchange, Inc. The proposal, submitted on December 20, 2024, suggests updating the fee schedule associated with the "Consolidated Audit Trail Funding Fees" to a rate of $0.000022 per executed equivalent share. Interested parties are encouraged to submit their comments through the SEC's online platform or by mail, with all submissions due by January 27, 2025. The proposal is under the immediate effectiveness category pursuant to certain sections of the Securities Exchange Act of 1934.
Simple Explanation
The SEC is looking at a new rule from the Cboe EDGA Exchange to change a small fee to $0.000022 for every share traded to help fund a project that keeps track of all trading activity, and they want people to say what they think about it by January 27, 2025.

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