SEC Grants Further Extension of Exemptive Relief for CAT NMS Plan Implementation
The SEC granted a further extension of the temporary exemptive relief previously issued to national securities exchanges and national securities associations ("participants") to facilitate settlement negotiations concerning Consolidated Audit Trail ("CAT") National Marketing System ("NMS") Plan amendments. The new Order extends the relief provided in the 2022 SEC Order from July 31, 2024 to January 31, 2025.
This latest Order was issued in response to a request from the participants who had (i) sought more time to facilitate settlement negotiations and (ii) expressed their willingness to seek an abeyance of ongoing litigation. The SEC granted the extension, subject to the same conditions set forth in the 2022 Order.