10 Jun 2025
💰Cboe BZX Proposes New Fees for Closed-End Funds Listings
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fees Applicable to Securities Listed on the Exchange, Which Are Set Forth in BZX Rule 14.13
Summary
Cboe BZX Exchange has submitted a proposed rule change to amend listing fees for Closed-End Funds, establishing entry fees of $10,000 and annual fees of $12,500. The proposal aims to create a competitive pricing structure that could attract more issuers by significantly lowering costs compared to existing fees. The Exchange believes these changes will enhance competition among listing venues.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by Cboe BZX Exchange introduces entry and annual fees specifically for Closed-End Funds, which affects listing costs for businesses. This presents both new financial obligations and potentially lower costs compared to other exchanges, influencing business decisions regarding where to list.