💰MIAX Sapphire Proposes Extension of Options Regulatory Fee Sunset Date
Self-Regulatory Organizations; MIAX Sapphire, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Extend the Options Regulatory Fee Sunset Date From May 31, 2025 to December 31, 2025
Summary
MIAX Sapphire seeks to extend the sunset date of its Options Regulatory Fee to December 31, 2025, allowing for continued funding of vital regulatory programs. This proposal aims to ensure competitiveness against other exchanges and provide time for discussions on alternative regulatory fee models among industry participants. The current fee remains at $0.0013 per contract side.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed extension of the Options Regulatory Fee (ORF) sunset date impacts businesses using options trading on MIAX Sapphire, as it continues the charge of $0.0013 per contract side. This affects cost calculations and profitability for market participants (members), while ensuring the Exchange can adequately fund its regulatory programs, a necessity for a competitive environment.