Federal Register #SR-CboeEDGX-2026-029

SEC Rule Change: CAT System Funding Fees and Vendor Services for 2026

The Securities and Exchange Commission (SEC) is announcing a rule change by Cboe EDGX Exchange, Inc. to establish fees for industry members to fund the operation and compliance of the Consolidated Audit Trail (CAT) system for May through December 2026. - Government Buyer: - Securities and Exchange Commission (SEC), Division of Trading and Markets - OEMs and Vendors: - Amazon Web Services, Inc. (AWS) – cloud hosting services - FINRA CAT, LLC (FCAT) – Plan Processor - Algoseek, LLC – market data provision - WilmerHale and Jenner – legal services - Deloitte – consulting services - Anchin and Grant Thornton – professional and administration services - Products/Services Requested: - Cloud hosting for CAT system (AWS) - Market data services (Algoseek) - Legal services (WilmerHale, Jenner) - Consulting services (Deloitte) - Professional and administrative services (Anchin, Grant Thornton) - CAT Fee 20261: $0.000001 per executed equivalent share, invoiced monthly, to recover budgeted CAT costs - Notable Requirements: - Fees are designed to cover technology, legal, consulting, insurance, and administrative costs for CAT - Cost allocation and budgeting methodology are specified to ensure regulatory compliance - FINRA CAT, LLC serves as the Plan Processor overseeing CAT operations - Period of Performance: - May 1, 2026 through December 31, 2026, with monthly invoicing beginning June 2026

Description

This notice announces the filing and immediate effectiveness of a proposed rule change by Cboe EDGX Exchange, Inc. The proposal establishes 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 aims to amend the Consolidated Audit Trail Funding Fees schedule to cover costs associated with the operation, maintenance, and compliance of the CAT system. The document includes details about the proposed fee structure, regulatory context, and effective date of the rule change.

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