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ARTICLE · 15 MARCH 2017

SEC Grants Limited Exemptive Relief From CAT NMS Plan Clock Synchronization Requirements

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The SEC granted limited exemptive relief from the National Market System Plan governing the Consolidated Audit Trail ("CAT NMS Plan") clock synchronization compliance deadline.

United StatesCorporate/Commercial Law

The SEC granted limited exemptive relief from the National Market System Plan governing the Consolidated Audit Trail ("CAT NMS Plan") clock synchronization compliance deadline. The relief extends the compliance deadline from March 15, 2017 to February 19, 2018 for those Industry Members with business clocks that do not capture time in milliseconds as of the date of the SEC's order (i.e., March 2, 2017).

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