Federal Register #SR-CboeBZX-2026-032

SEC Solicits Comments on Cboe BZX Exchange Fee Schedule and Definition Amendments

The Securities and Exchange Commission (SEC) is seeking public comment on a proposed rule change from Cboe BZX Exchange, Inc. regarding its fee schedule and definitions. - Government Buyer: - Securities and Exchange Commission (SEC) - OEMs and Vendors: - Cboe BZX Exchange, Inc. - Cboe BYX Exchange, Inc. (referenced as having a similar rule change) - Products/Services Requested: - No specific products, part numbers, or purchase quantities are listed - The proposal concerns amendments to the fee schedule for market data products - Codifies a user fee exemption for Controlled Distributors when market data is used solely for software development, quality assurance, testing, sales support related to redistribution, or technical monitoring (Permitted Purposes) - Updates the definition of Non-Display Usage to include facilitation of access and clarifies that the purpose must not be solely in support of display for a natural person - Unique or Notable Requirements: - Exemption from Display Usage fees for Controlled Distributors using data for Permitted Purposes - Clarification and expansion of Non-Display Usage definition - Public comments are solicited on the proposed changes - No specific contract value, products, or service line items are identified in this notice - Place of performance and contracting office: SEC headquarters in Washington, DC

Description

This notice concerns a proposed rule change by Cboe BZX Exchange, Inc. to amend its fees schedule to codify a user fee exemption and amend the definition of non-display usage. The proposed changes include codifying that Controlled Distributors are exempt from Display Usage fees for market data products when used solely for software development, quality assurance, testing, sales support relating to redistribution, or technical monitoring, collectively called Permitted Purposes. Additionally, the definition of Non-Display Usage is amended to include facilitation of access and clarify that the purpose must not be solely in support of display for a natural person. The rule change aims to provide clarity and equitable allocation of fees among market participants.

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