Nasdaq GEMX, LLC has filed a proposed rule change with the Securities and Exchange Commission (SEC) to delay implementing its new Options Regulatory Fee (ORF) and methodology. Originally outlined in SR-GEMX-2024-42, the changes will now take effect on June 1, 2025, and end on December 1, 2025. This filing, SR-GEMX-2025-05, replaced a previous filing that was withdrawn. The SEC is inviting public comments on this proposed rule change to ensure it aligns with the Securities Exchange Act of 1934.
Simple Explanation
Nasdaq GEMX, a company that helps people trade options, is waiting a little longer to start using a new way to collect money for their rules, from June to December of 2025, to make sure everything is done right. The people in charge of keeping things fair, called the SEC, want to know what everyone thinks about this plan.