Search Results for keywords:"finality period"

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Search Results: keywords:"finality period"

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  • 2021-00820 — Self-Regulatory Organizations; Cboe EDGA 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 4149
    Reading Time:about 10 minutes

    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.

    Simple Explanation

    The Cboe EDGA Exchange, Inc. wants people to check their bills quickly to find mistakes. If no one says anything about a mistake in three months, the bill stays the same forever.

  • 2021-00818 — Self-Regulatory Organizations; Cboe EDGX 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 4137
    Reading Time:about 10 minutes

    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.

    Simple Explanation

    The Cboe EDGX Exchange has a new rule that says if there are mistakes in bills, everyone has three months to fix them. After that, the bills are final, like how other places do it.