Federal Register #SRCboeBZX2026056

Proposed Rule Change: Cboe BZX Exchange Options Regulatory Fee Increase

This notice announces a proposed rule change by Cboe BZX Exchange, Inc. regarding the Options Regulatory Fee (ORF): - Government buyer: - Securities and Exchange Commission (SEC) - Cboe BZX Exchange, Inc. (as the self-regulatory organization submitting the rule change) - OEMs and vendors mentioned: - Cboe BZX Exchange, Inc. - Options Clearing Corporation (OCC) - Products/services requested: - No products or services are being procured; this is a regulatory fee change - Key details of the rule change: - The ORF will increase from $0.0002 per contract to $0.00476 per contract - Applies to options transactions on the Exchange that clear in the customer range at OCC - The fee is intended to recover regulatory costs for supervising and regulating member customer options business (including surveillance, investigations, examinations, financial monitoring, and enforcement) - The fee does not apply to transactions clearing in the Firm or Market Maker range - The rule change also includes clarifications to the fee schedule and removal of outdated language - Notable requirements: - The SEC is soliciting public comments on the proposed rule change - No procurement of goods or services is involved; this is a regulatory action

Description

The Securities and Exchange Commission (SEC) has filed a proposed rule change by Cboe BZX Exchange, Inc. to amend the Options Regulatory Fee (ORF). The proposed change increases the ORF from $0.0002 per contract to $0.00476 per contract for transactions that occur on the Exchange and clear in the customer range at the Options Clearing Corporation (OCC). The rule change aims to recover a material portion of the regulatory costs associated with supervising and regulating member customer options business. The fee will be assessed only on Exchange transactions clearing in the customer range and is effective July 1, 2026.

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