Atkins asks SEC staff to draft a rule rescinding Rule 613 and prepare to take on the CAT
In a letter to Robert Walley, chair of the CAT NMS Plan Operating Committee, the SEC chairman says he has told staff to explore funding the CAT from appropriations and Section 31 fees, and to draft a rule under which exchanges, FINRA and broker-dealers would report CAT data to the Commission or its designee. He expects the transition to take until late 2027.