US SEC Reduces CAT System Operating Expenses
Jinse Finance reported that the U.S. Securities and Exchange Commission (SEC) has announced the approval of conditional exemptions for CAT participating institutions in order to reduce the costs of the Consolidated Audit Trail (CAT). The measures include reducing data processing and storage requirements, and it is expected that expenditures in 2025 will decrease by an additional $20 million to $27 million from the base of $196 million. SEC Chairman Paul S. Atkins stated that this move marks the beginning of CAT reform and cost control.
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