Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources

What it does

The Securities and Exchange Commission (the "Commission") is publishing this concept release to solicit comments in support of a comprehensive review of the Consolidated Audit Trail and other audit trails and related data sources currently used in the regulation of U.S. securities markets, including comments regarding the funding mechanisms for these audit trails and/or related data sources. There have been several developments since the Commission last evaluated the scope and sufficiency of these audit trails and related data sources. These developments have prompted the Commission to consider whether changes should be made to the rules and regulations governing existing audit trails and related data sources to better respond to and reflect current market conditions; demonstrated regulatory needs; civil liberty, privacy, and confidentiality concerns; cost-efficient technology solutions; and cybersecurity considerations.

The Securities and Exchange Commission's summary, as published in the Federal Register.

What it would change

2 parts of Title 17 of the Code of Federal Regulations:

17 CFR 240, 17 CFR 242

Before this

No earlier Federal Register document under regulation identifier 3235-AN54 since Jan. 1, 2025.

What happens next and when

Comments should be received on or before June 22, 2026.

The agency's dates, word for word.

Reginfo.gov lists a rule with this regulation identifier as under review at the White House Office of Information and Regulatory Affairs since Oct. 26, 2026 (stage: Proposed Rule). See it

Check it yourself

• The document in the Federal Register
• Title 17 on eCFR

The record as published

Source: the Federal Register (public domain). The document in the Federal Register