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.
Simple Explanation
Cboe C2 Exchange is making a new rule that says if they make a mistake in charging fees, and it isn't found within three months, everyone has to keep the charges as they are. If someone finds a mistake, they must write about it and show proof for it to be fixed.