Federal Register #SR-C2-2026-025

SEC Notice: Proposed Rule Change by Cboe C2 Exchange, Inc. to Amend Exchange Rule 6.5

This opportunity involves a notice from the Securities and Exchange Commission (SEC) regarding a proposed rule change by Cboe C2 Exchange, Inc. to amend Exchange Rule 6.5. - Regulatory context: - The rule change eliminates the $5,000 catastrophic error review fee. - A new $500 fee will be assessed only when the Obvious Error Panel or Catastrophic Error Panel upholds a decision under review. - The revised fee structure aims to reduce financial burden on Trading Permit Holders and discourage unnecessary appeals. - The new fee aligns with similar fees at other Cboe exchanges, including Cboe BZX Exchange, Inc. and Cboe EDGX Exchange, Inc. - No procurement activity: - No products, services, or OEMs are being requested or procured. - The notice is strictly regulatory and invites public comment on the proposed rule change. - Additional information: - Full text and supporting documents are available for review. - The change affects exchange operations and fee structures, not commercial purchasing.

Description

The Securities and Exchange Commission (SEC) has announced the filing and immediate effectiveness of a proposed rule change by Cboe C2 Exchange, Inc. to amend Exchange Rule 6.5. The amendment eliminates the $5,000 fee currently applicable in connection with a catastrophic error review and instead imposes a reduced $500 fee when the Obvious Error Panel or Catastrophic Error Panel votes to uphold the decision under review. This change aims to reduce the initial fee burden on Trading Permit Holders and apply a nominal administrative charge at the appeal stage to discourage unfounded appeals. The proposed fee aligns with similar fees assessed by other Cboe exchanges.

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