ARTICLE
12 October 2021

SEC Postpones Decision On CAT Revised Funding Model

CW
Cadwalader, Wickersham & Taft LLP

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Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
The SEC extended the time to consider a proposed amendment to the Consolidated Audit Trail ("CAT") National Market System Plan.
United States Corporate/Commercial Law

The SEC extended the time to consider a proposed amendment to the Consolidated Audit Trail ("CAT") National Market System Plan. The amendment would implement a revised funding model for the CAT and impose a related fee schedule. The SEC initially instituted proceedings to decide whether to approve or deny the amendment on July 20, 2021.

The new deadline is December 17, 2021.

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