Federal Register #SRNASDAQ2026052

Proposed Amendment to Nasdaq Options Regulatory Fee (ORF)

This notice concerns a proposed rule change by The Nasdaq Stock Market LLC regarding its Options Regulatory Fee (ORF): - Government buyer: Securities and Exchange Commission (SEC) - OEM/vendor: The Nasdaq Stock Market LLC - Service requested: Amendment to the Options Regulatory Fee (ORF) - Increase in ORF rate from $0.0157 to $0.0200 per contract side - Applies to customer options transactions cleared by The Options Clearing Corporation (OCC) - Includes a non-substantive update to the rule text describing the ORF collection methodology - Notable requirements: - The ORF is intended to recover a material portion of the Exchange's options regulatory costs - Public comments are invited on the proposed rule change - No physical products or traditional procurement; this is a regulatory fee adjustment

Description

The Nasdaq Stock Market LLC filed a proposed rule change with the Securities and Exchange Commission to amend the Options Regulatory Fee (ORF). The proposal includes increasing the ORF rate from $0.0157 to $0.0200 per contract side effective July 1, 2026, and a non-substantive amendment to the rule text describing the ORF collection methodology. The ORF is assessed on customer options transactions cleared by The Options Clearing Corporation and is designed to recover a material portion of the Exchange's options regulatory costs. The notice invites public comments on the proposed rule change.

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