Search Results for keywords:"fees and rebates"

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Search Results: keywords:"fees and rebates"

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  • 2021-02409 — Self-Regulatory Organizations; NYSE National, Inc.; Notice of Filing of Proposed Rule Change To Amend its Schedule of Fees and Rebates Related to Co-Location Services
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    Type:Notice
    Citation:86 FR 8424
    Reading Time:about 18 minutes

    The Securities and Exchange Commission (SEC) is reviewing a proposed rule change by NYSE National, Inc. to amend its schedule of fees and rebates for co-location services. The exchange wants to add two new Partial Cabinet Solution (PCS) bundles, Options E and F, which offer enhanced 40 Gb connections compared to the previous 10 Gb options. This addition aims to attract smaller users who might benefit from a 40 Gb option without needing a full cabinet. The SEC is inviting public comments on this proposal, and users who purchase these new options by December 31, 2021, will receive a discount for the first year.

    Simple Explanation

    The stock exchange wants to make its internet connections faster and is planning to offer new options so smaller customers can also use them without paying for a big package. They're asking people to share their thoughts and want to give a discount to those who sign up before the end of the year.

  • 2021-02591 — Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Establish a Policy Relating to Billing Errors
    Type:Notice
    Citation:86 FR 8814
    Reading Time:about 12 minutes

    The Securities and Exchange Commission has announced that Cboe Exchange, Inc. has submitted a proposed rule to update its policy on billing errors. The proposal suggests that any billing disputes or errors must be submitted in writing within three months of the invoice date. Fees and rebates will be considered final after a three-month period, providing clarity and eliminating the need for revisiting past invoices. This update aligns with similar policies from affiliated exchanges, aiming to foster timely review of charges and reduce administrative burdens.

    Simple Explanation

    Cboe Exchange made a new rule saying that if someone notices a mistake in their bill, they need to tell them within three months, or else the bill will be final and can't be changed anymore. This is to make sure everything is checked on time and not go back to old bills, but some people might find this hard if it takes them longer to notice mistakes.