Type:Notice
Citation:90 FR 8546
Reading Time:about 17 minutes
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.
Simple Explanation
The SEC is looking at a plan from a stock exchange to stop charging a special fee just for December 2024 to make sure they don't collect too much money. The fee would start again in January, but they want to hear what people think first.