Opportunity
Federal Register #SR-FINRA-2026-020
SEC Notice: Proposed Delay of FINRA Fee Increases and Cboe EDGA Exchange Rule Amendment
Buyer
Securities and Exchange Commission
Posted
September 23, 2026
Identifier
SR-FINRA-2026-020
NAICS
523210, 522320, 523999
This notice from the Securities and Exchange Commission (SEC) announces proposed regulatory changes affecting financial industry fees and clearing agency rules. - Government Buyer: - Securities and Exchange Commission (SEC), Division of Trading and Markets - OEMs and Vendors: - Financial Industry Regulatory Authority, Inc. (FINRA) - Cboe EDGA Exchange (as rule change subject) - Products/Services Requested: - Modification of FINRA fee implementation schedule - Postponement of fee increases for core regulatory and use-based fees (Gross Income Assessment, Trading Activity Fee, Personnel Assessment, etc.) - Maintain 2026 fee rates through 2028 - Estimated $718 million in member savings over four years - Amendment to Cboe EDGA Exchange Rule 11.13(a) - Replace 'registered clearing agency' with 'Qualified Clearing Agency' - Allow non-Member firms to act as Clearing Firms - Unique/Notable Requirements: - No procurement of products or services; this is a regulatory notice soliciting public comment - Fee changes are delayed by two years, providing budget predictability for FINRA members - Rule clarification expands eligibility for clearing and settlement - No specific part numbers, quantities, or commercial products are involved; focus is on regulatory amendments and financial impact.
Description
The Securities and Exchange Commission published a notice regarding a proposed rule change filed by the Financial Industry Regulatory Authority, Inc. (FINRA). The proposal seeks to modify the implementation schedule of amendments to Schedule A of the FINRA By-Laws, originally adopted in SR-FINRA-2024-019 and modified in SR-FINRA-2025-007. The amendments relate to adjustments of FINRA fees to provide sustainable funding for FINRA's regulatory mission. The proposal delays the implementation of certain fee increases by two years to provide members with greater certainty and predictability in budgeting and planning.