10 Feb 2025
📈Nasdaq GEMX Delays Implementation of New Options Regulatory Fee
Self-Regulatory Organizations; Nasdaq GEMX, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Delay the Implementation of the New Options Regulatory Fee (ORF) and ORF Methodology Proposed in SR-GEMX-2024-42
Summary
The Securities and Exchange Commission (SEC) published a notice regarding Nasdaq GEMX's proposal to delay the implementation of a new Options Regulatory Fee and its related methodology. This proposed delay aims to provide additional time for stakeholders to adjust to the upcoming changes, which are now set for implementation in June 2025.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change to delay the implementation of the Options Regulatory Fee (ORF) impacts financial planning and compliance for businesses involved in options trading. The extension until June 1, 2025, provides firms additional time to adapt to the regulatory changes and potential cost implications associated with the new fee framework.