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The Securities and Exchange Commission has announced that the Cboe EDGA Exchange, Inc. has proposed a new rule regarding billing errors and fee disputes. Under this rule, all fees and rebates will be considered final after three calendar months. This change is designed to encourage members to review their billing statements promptly, ensuring that any errors are addressed quickly and reducing the administrative burden on the Exchange. The SEC is seeking comments from the public on this proposed change.

Cboe BYX Exchange, Inc. has filed a proposed rule change with the Securities and Exchange Commission to amend its fee schedule, focusing on handling billing errors and disputes. The proposed change would make all fees and rebates final after three months, aiming to encourage timely review of invoices by members and non-members. The proposed rule also requires any fee disputes to be submitted in writing with supporting documentation within this period. The Exchange believes that these changes will reduce administrative burdens and create a fair, consistent policy for resolving billing issues.

The Cboe BZX Exchange, Inc. filed a proposed rule change with the Securities and Exchange Commission to amend its fee schedules for options and equities. This amendment aims to streamline billing by establishing that all fees and rebates are considered final after three months, encouraging prompt invoices review by Members and Non-Members. Disputes must be submitted in writing with supporting documentation, which helps both parties address discrepancies efficiently and prevents long-term resource expenditure on billing errors. The proposal aligns with similar practices at other exchanges and seeks to ensure a fair and consistent billing process.

The Cboe EDGX Exchange, Inc. has proposed a new rule regarding billing errors and fee disputes. The rule stipulates that all fees and rebates will be considered final after three months, meaning adjustments for issues must be resolved within that timeframe. Members and Non-Members are required to submit any billing disputes in writing with supporting documentation to ensure timely resolution. This measure aims to minimize administrative burdens, along with promoting prompt invoice reviews and greater certainty for both the Exchange and its users. The rule is in line with similar provisions adopted by other exchanges.

Cboe C2 Exchange, Inc. submitted a proposed rule change to the Securities and Exchange Commission (SEC) to revise its policy on billing errors. The proposal suggests that any fees and rebates billed more than three months before an error is identified will be deemed final. The rule requires disputes to be submitted in writing with evidence, aiming to simplify the process for recognizing errors and resolving them efficiently. This change aligns C2 Exchange's practices with those of its affiliated exchanges, ensuring consistency across platforms.