The Options Clearing Corporation (OCC) submitted a proposed rule change to the Securities and Exchange Commission (SEC) to adjust fees related to contracts. They wanted to increase the per contract clearing fee from $0.02 to $0.025 and remove a $55 flat fee for large transactions. This proposal was originally filed on December 19, 2024, and opened for public comment, but on February 14, 2025, the OCC decided to withdraw the proposal. The withdrawal was officially communicated by Sherry R. Haywood, the Assistant Secretary of the SEC.
Simple Explanation
The Options Clearing Corporation (OCC) wanted to charge a bit more money for each thing they help people trade, and stop charging a special fee for big swaps, but then they changed their mind and decided not to do it.