Federal Register #SR-BOX-2026-16

SEC Notice: Proposed Rule Change to BOX Options Market LLC Fee Schedule

This notice concerns a proposed rule change affecting the BOX Options Market LLC facility, overseen by the Securities and Exchange Commission (SEC). - Government buyer: - Securities and Exchange Commission (SEC) - BOX Exchange LLC (regulatory entity for BOX Options Market LLC) - OEMs and vendors mentioned: - BOX Exchange LLC - BOX Options Market LLC - Products/services requested: - No procurement of products or services; this is a regulatory fee schedule update - Key details of the rule change: - Establishes a new Options Regulatory Fee (ORF) rate of $0.0220 per contract side - Implements a new methodology for assessing and collecting the ORF - Ensures ORF revenue does not exceed 70% of the Exchange's regulatory costs - Corrects previous fee schedule language regarding outbound linkage trades - Notable requirements: - The ORF is designed to cover a material portion of regulatory costs without exceeding a set revenue cap - The change impacts all participants trading options on the BOX Options Market LLC facility

Description

This notice pertains to a proposed rule change by BOX Exchange LLC to amend its fee schedule for trading on the BOX Options Market LLC facility. The amendment establishes the Options Regulatory Fee (ORF) rate under a new methodology for assessment and collection of the ORF. The proposed ORF rate is $0.0220 per contract side, effective July 1, 2026, designed to cover a material portion of the Exchange's regulatory costs without exceeding 70% of those costs. The change also deletes incorrect text regarding outbound linkage trades to reduce investor confusion.

View original listing