Opportunity
Federal Register #SR-C2-2026-010
SEC Proposed Rule: CAT Funding Fees for Industry Members (May–Dec 2026)
Buyer
Securities and Exchange Commission
Posted
May 12, 2026
Identifier
SR-C2-2026-010
NAICS
541618, 541690, 541211, 541330, 541110
The Securities and Exchange Commission (SEC) is announcing a proposed rule change by Cboe C2 Exchange, Inc. to establish fees for industry members to fund the Consolidated Audit Trail (CAT) for a defined period. - Government Buyer: - Securities and Exchange Commission (SEC) - OEMs and Vendors: - Amazon Web Services (AWS) for cloud hosting - FINRA CAT, LLC (FCAT) as Plan Processor and operational services - Algoseek, LLC for market data - WilmerHale and Jenner law firms for legal services - Deloitte for consulting services - Anchin and Grant Thornton for professional and administration services - Products/Services Requested: - Cloud hosting services for CAT (AWS) - Operational and maintenance services for CAT (FCAT) - Market data provision (Algoseek) - Legal services (WilmerHale, Jenner) - Consulting services (Deloitte) - Professional and administration services (Anchin, Grant Thornton) - CAT Funding Fees (CAT Fee 20261): $0.000001 per executed equivalent share, covering all budgeted CAT costs - Unique/Notable Requirements: - Compliance with the CAT NMS Plan and SEC Rule 613 - Use of AWS for cloud infrastructure - FCAT as the designated Plan Processor - Fee structure includes a 25% reserve for financial stability - Fees are recalculated annually or as needed based on budgeted costs and projected share volume - Public comment period for the proposed rule change
Description
The Securities and Exchange Commission published a notice regarding a proposed rule change by Cboe C2 Exchange, Inc. to establish fees for industry members related to the reasonably budgeted costs of the Consolidated Audit Trail (CAT) for the period from May 1, 2026, through December 31, 2026. The rule change is filed with immediate effectiveness and includes details about the budgeted CAT costs, fee calculations, and related legal and operational support services. The notice invites comments on the proposed rule change and provides information on how to submit them.