WASHINGTON, Sept 30 (Reuters) - The U.S. Securities and

Exchange Commission on Tuesday said it was conditionally

allowing stock exchanges to lower costs tied to a comprehensive

market surveillance system that has been in development for more

than a decade.

In a statement, SEC Chair Paul Atkins said that the so-called

Consolidated Audit Trail "must be more efficient and

cost-effective," especially in light of invalidating the

funding model adopted under former President Joe Biden in 2023.

(Reporting by Douglas Gillison in Washington)