Search Results for keywords:"fee waiver"

The NYSE Arca, Inc. has proposed a temporary waiver of the Options Regulatory Fee (ORF) for all transactions cleared in the Customer range at the Options Clearing Corporation from December 1, 2024, to December 31, 2024. This waiver is intended to ensure that the ORF collections do not exceed the exchange's regulatory costs, as high trading volumes have increased ORF collections beyond projections, despite a rate reduction. The ORF is set to resume at its current rate on January 1, 2025, and the exchange will monitor costs to decide if further adjustments are necessary. Additionally, the exchange aims to remove outdated fee schedule language for clarity.

Cboe BZX Exchange, Inc. has proposed a rule change to amend its Market Data Fee Schedule by introducing a new fee waiver for Uncontrolled External Distributors. This proposal was filed with the Securities and Exchange Commission (SEC) and is designated for immediate effectiveness. The SEC is inviting public comments on the proposal, which can be submitted electronically or by mail. All comments must reference the file number SR-CboeBZX-2025-027 and should be submitted by March 21, 2025.

The New York Stock Exchange (NYSE) is proposing an extension of the waiver on certain fees for member organizations operating on the Trading Floor. Since the Trading Floor continues to operate with reduced capacity due to COVID-19, the NYSE wants to keep offering these waivers to help reduce financial burdens for these organizations. The extended waiver covers 50% of charges related to telephone systems and service fees, as well as trading license fees for eligible firms. The rule change was filed for immediate effectiveness to ease costs for firms affected by the pandemic-related partial closure of the Trading Floor.

The New York Stock Exchange LLC (NYSE) has proposed a rule change to extend a waiver of fees for certain new member applications and bond trading licenses for 2021. This proposal aims to waive the New Firm Fee, which ranges from $2,500 to $20,000, for bond trading firms applying solely for a bond trading license, and also to waive the annual $1,000 Bond Trading License Fee. The NYSE believes these changes will encourage more firms to join and trade bonds on their platform, ultimately benefiting investors through increased liquidity and trading opportunities. The Securities Exchange Commission is inviting public comments on this proposed rule change.

The NYSE American LLC has proposed a change to their options fee schedule, which involves continuing the waiver of some floor-based fixed fees. This extension is intended to assist market participants who have struggled to return to their normal operational levels on the trading floor due to COVID-19 restrictions. The fee waiver will help reduce monthly costs for firms affected by these disruptions until at least March 2021 or until the trading floor fully reopens. Additionally, this change aims to support fair competition and equitable fee allocation among its members.

The NYSE Arca proposed a change to their fee schedule, seeking to extend the waiver of certain fees for businesses unable to resume full operations due to COVID-19. These waivers apply to fixed fees related to Floor operations, benefiting firms that haven't reached pre-pandemic levels of activity. The goal of the waiver is to ease the financial burden on affected businesses as they adjust their operations. The Securities and Exchange Commission is inviting public comments on this proposed rule change, which went into effect on January 1, 2021, and may be suspended within 60 days if the Commission finds it necessary for investor protection or public interest.

Cboe BYX Exchange, Inc. has proposed a new rule change that introduces a fee waiver for Uncontrolled External Distributors in the Market Data section of its Fee Schedule. This rule change has been filed with the Securities and Exchange Commission (SEC) and is set for immediate effectiveness. The public is invited to submit comments on this proposed change, with submissions needing to reference the file number SR-CboeBYX-2025-002. The SEC will accept comments via email, mail, or through the internet until March 21, 2025.

The Securities and Exchange Commission has issued a notice regarding a proposed rule change filed by the Cboe EDGA Exchange, Inc. on February 13, 2025. The proposed change aims to update the Market Data section of its Fee Schedule to introduce a new fee waiver for Uncontrolled External Distributors. This change is immediately effective, and the Commission is inviting public comments on whether the proposal aligns with the Securities Exchange Act of 1934. Feedback should be submitted by March 21, 2025, to help the Commission in its decision-making process.

The Nasdaq Stock Market LLC has proposed a rule change to waive certain fees for listing non-convertible bonds. This waiver applies when these bonds are voluntarily delisted from a foreign regulated exchange and then listed on Nasdaq. The change aims to eliminate the burden of paying fees to both exchanges, making it more attractive for companies to list their bonds on Nasdaq. This proposal is believed to be fair, not discriminatory, and aligns with practices on other exchanges.

The Securities and Exchange Commission (SEC) is reviewing a rule change proposed by NYSE American, LLC. The proposal suggests temporarily waiving the Options Regulatory Fee (ORF) for December 2024, aiming to prevent fee collections from exceeding regulatory costs. The fee would resume on January 1, 2025, at the same rate. The SEC temporarily suspended this proposal to allow more time for public feedback and further evaluation of its consistency with relevant laws and fairness in terms of fee allocation.