Cboe EDGX Exchange, Inc. filed a notice with the Securities and Exchange Commission (SEC) to amend its fee schedule for the Retail Equities Membership Program. The proposed changes aim to clarify the eligibility rules, specifying that new members cannot have been approved as Retail Member Organizations (RMO) within 18 months of their approval. The update also removes outdated references and is designed to align with current practices without imposing any additional competitive burdens. The SEC is inviting public comments on this proposed rule change.
Simple Explanation
Cboe EDGX Exchange wants to make its rules clearer for new members, saying new members can't have joined this specific program in the last year and a half. They hope this makes everything easier to understand and fair for everyone.