CAT Participants Withdraw Proposal to Revise Funding Model

This story has been corrected, see here.

The securities exchanges that participate in the Consolidated Audit Trail ("CAT") withdrew proposed amendments to implement a revised funding model and impose a related fee schedule. The SEC said that the CAT participants withdrew the proposed amendments on September 6, 2022.

As previously covered, after broker-dealers raised numerous objections to the proposed amendments, the SEC extended the time to consider the revisions. The exchange participants instead opted to withdraw the revised fee proposal.