SEC Grants Exemptive Relief Related to Consolidated Audit Trail

The SEC has released an order that grants “conditional exemptive relief related to certain requirements of the National Market System Plan governing the Consolidated Audit Trail (CAT NMS Plan), Rule 613 of Regulation NMS, and Rule 17a-1 under the Securities Exchange Act of 1934.” Specifically, self-regulatory organizations that are participants in such a plan are permitted to “expeditiously and meaningfully reduce the operating costs of the consolidated audit trail (CAT) while maintaining core regulatory functionality.”

For more information, see the press release and the statement by SEC Chairman Paul Atkins on the SEC’s Web site.