Federal Register 30-Day Submission Notice

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Federal Register / Vol. 91, No. 176 / Monday, September 14, 2026 / Notices
trading and other market activities of
those market participants who believe
that co-location enhances the efficiency
of their operations.
The Commission has repeatedly
expressed its preference for competition
over regulatory intervention in
determining prices, products, and
services in the securities markets.
Specifically, in Regulation NMS, the
Commission highlighted the importance
of market forces in determining prices
and SRO revenues and, also, recognized
that current regulation of the market
system ‘‘has been remarkably successful
in promoting market competition in its
broader forms that are most important to
investors and listed companies.’’ 19
The proposed changes to add ‘‘Option
A’’ and ‘‘Option B’’ and to amend the
‘‘Precision Timing Protocol’’ language
would not address competition but
rather would make the Fee Schedule
more transparent and reduce any
potential ambiguity.
For the reasons described above, the
Exchange believes that the proposed
rule changes reflect this competitive
environment.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
No written comments were solicited
or received with respect to the proposed
rule change.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action

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The Exchange has filed the proposed
rule change pursuant to Section
19(b)(3)(A)(iii) of the Act 20 and Rule
19b–4(f)(6) thereunder.21 Because the
proposed rule change does not: (i)
significantly affect the protection of
investors or the public interest; (ii)
impose any significant burden on
competition; and (iii) become operative
prior to 30 days from the date on which
it was filed, or such shorter time as the
Commission may designate, if
consistent with the protection of
investors and the public interest, the
proposed rule change has become
effective pursuant to Section 19(b)(3)(A)
of the Act and Rule 19b–4(f)(6)(iii)
thereunder.22
19 See Securities Exchange Act Release No. 51808
(June 9, 2005), 70 FR 37496, 37499 (June 29, 2005).
20 15 U.S.C. 78s(b)(3)(A)(iii).
21 17 CFR 240.19b–4(f)(6).
22 17 CFR 240.19b–4(f)(6). In addition, Rule 19b–
4(f)(6) requires a self-regulatory organization to give
the Commission written notice of its intent to file
the proposed rule change at least five business days
prior to the date of filing of the proposed rule
change, or such shorter time as designated by the

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At any time within 60 days of the
filing of such proposed rule change, the
Commission summarily may
temporarily suspend such rule change if
it appears to the Commission that such
action is necessary or appropriate in the
public interest, for the protection of
investors, or otherwise in furtherance of
the purposes of the Act. If the
Commission takes such action, the
Commission shall institute proceedings
under Section 19(b)(2)(B) 23 of the Act to
determine whether the proposed rule
change should be approved or
disapproved.
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views and
arguments concerning the foregoing,
including whether the proposed rule
change is consistent with the Act.
Comments may be submitted by any of
the following methods:
Electronic Comments
• Use the Commission’s internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an email to rule-comments@
sec.gov. Please include file number SR–
NYSE–2026–40 on the subject line.
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street NE,
Washington, DC 20549–1090.
All submissions should refer to file
number SR–NYSE–2026–40. This file
number should be included on the
subject line if email is used. To help the
Commission process and review your
comments more efficiently, please use
only one method. The Commission will
post all comments on the Commission’s
internet website (https://www.sec.gov/
rules/sro.shtml). Copies of the filing will
be available for inspection and copying
at the principal office of the Exchange.
Do not include personal identifiable
information in submissions; you should
submit only information that you wish
to make available publicly. We may
redact in part or withhold entirely from
publication submitted material that is
obscene or subject to copyright
protection. All submissions should refer
to file number SR–NYSE–2026–40 and
should be submitted on or before
October 5, 2026.
Commission. The Exchange has satisfied this
requirement.
23 15 U.S.C. 78s(b)(2)(B).

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58225

For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.24
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026–18652 Filed 9–11–26; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[OMB Control No. 3235–0288]

Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Extension:
Form 20–F
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736.
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the
Securities and Exchange Commission
(‘‘Commission’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) this request for extension of
the previously approved collection of
information discussed below.
Form 20–F (17 CFR 249.220f) is used
by foreign private issuers to register
securities pursuant to Section 12 of the
Securities Exchange Act of 1934
(‘‘Exchange Act’’) and to file annual or
transition reports pursuant to Section
13(a) or 15(d) of the Exchange Act. The
information collected by Form 20–F is
intended to provide investors with
material information needed to make
informed investment decisions. The
information collected by Form 20–F is
mandatory, and Form 20–F filings are
publicly available on the Commission’s
Electronic Data Gathering, Analysis, and
Retrieval (‘‘EDGAR’’) system. We
estimate that Form 20–F is filed once
per year by approximately 1,029
respondents, for a total of approximately
1,029 responses annually. We estimate
that respondents incur 660.89 burden
hours per Form 20–F response, for a
total annual reporting burden of 680,056
hours (660.89 hours per response ×
1,029 responses). We estimate that
respondents incur $1,194,666.92 cost
burden per Form 20–F, for a total
annual cost of $1,229,312,261
($1,194,666.92 cost per response × 1,029
responses).
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a currently valid OMB
Control Number.
24 17 CFR 200.30–3(a)(12).

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Federal Register / Vol. 91, No. 176 / Monday, September 14, 2026 / Notices

The public may view and comment
on this information collection request
at: https://www.reginfo.gov/public/do/
PRAViewICR?ref_nbr=202606-3235-003
or send an email comment to
MBX.OMB.OIRA.SEC_desk_officer@
omb.eop.gov within 30 days of the day
after publication of this notice by
October 15, 2026.
Dated: September 9, 2026.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026–18632 Filed 9–11–26; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–106313; File No. SR–
CBOE–2026–076]

Self-Regulatory Organizations; Cboe
Exchange, Inc.; Notice of Filing and
Immediate Effectiveness of a Proposed
Rule Change To Amend its Fees
Schedule and Exchange Rule 6.5
September 9, 2026.

Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (the
‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on
September 1, 2026, Cboe Exchange, Inc.
(the ‘‘Exchange’’ or ‘‘Cboe Options’’)
filed with the Securities and Exchange
Commission (the ‘‘Commission’’) the
proposed rule change as described in
Items I, II, and III below, which Items
have been prepared by the Exchange.
The Commission is publishing this
notice to solicit comments on the
proposed rule change from interested
persons.

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I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
Cboe Exchange, Inc. (the ‘‘Exchange’’
or ‘‘Cboe Options’’) proposes to amend
its Fees Schedule and Exchange Rule
6.5 to (i) add MX2 LLC (‘‘MX2’’) to fee
code RD, (ii) delete the Catastrophic
Error Review Fee from the Fees
Schedule, and (iii) amend Exchange
Rule 6.5 to eliminate the fee currently
applicable in connection with a
catastrophic error review and instead
assess a reduced $500 fee when the
Obvious Error Panel or Catastrophic
Error Panel votes to uphold the decision
under review. The text of the proposed
rule change is provided in Exhibit 5.
The text of the proposed rule change
is also available on the Commission’s
website (https://www.sec.gov/rules/
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.

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sro.shtml), the Exchange’s website
(https://www.cboe.com/us/options/
regulation/rule_filings/cone/), and at the
principal office of the Exchange.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, the
Exchange included statements
concerning the purpose of and basis for
the proposed rule change and discussed
any comments it received on the
proposed rule change. The text of these
statements may be examined at the
places specified in Item IV below. The
Exchange has prepared summaries, set
forth in sections A, B, and C below, of
the most significant aspects of such
statements.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange proposes to amend its
Fees Schedule and Exchange Rule 6.5,
effective September 1, 2026, to (1) add
MX2 to fee code RD 3 within the Routing
Fees section of the Fees Schedule; (2)
delete the Catastrophic Error Review
Fee from the Miscellaneous section of
the Fees Schedule as duplicative of
Exchange Rule 6.5; 4 and (3) amend
Exchange Rule 6.5 to eliminate the
$5,000 charge currently applicable in
connection with a catastrophic error
review and adopt a reduced $500 fee
when the Obvious Error Panel or
Catastrophic Error Panel votes to uphold
the decision under review.
Addition of MX2 to Fee Code RD
The Exchange assesses fees in
connection with orders routed away to
various options exchanges. The Fees
Schedule currently lists fee codes and
their corresponding transaction fees for
certain Customer 5 orders routed to
other options exchanges. Currently,
under the Routing Fees section of the
Fees Schedule, fee code RD is appended
to Customer orders routed to NYSE
American (‘‘AMEX’’), BOX Options
Exchange (‘‘BOX’’), Cboe EDGX
Exchange, Inc. (‘‘EDGX’’), MIAX
Options Exchange (‘‘MIAX’’), MIAX
3 Fee code RD is appended to Customer orders
routed to AMEX, BOX, EDGX, MIAX, SPHR, or
PHLX (excluding orders in SPY options routed to
PHLX), as well as ETF and Equity options, and is
assessed a charge of $0.25 per contract.
4 See Exchange Rule 6.5, Nullification and
Adjustment of Option Transactions Including
Obvious Errors.
5 ‘‘Customer’’ applies to any order for the account
of a Priority Customer.

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Sapphire, LLC (‘‘SPHR’’), or Nasdaq
PHLX LLC (‘‘PHLX’’) (excluding orders
in SPY options routed to PHLX), as well
as ETF and Equity options, and assesses
a charge of $0.25 per contract.
The Exchange’s current approach to
routing fees is to set forth in a simple
manner certain sub-categories of fees
that approximate the cost of routing to
other options exchanges based on the
cost of transaction fees assessed by each
venue as well as costs to the Exchange
for routing (i.e., clearing fees,
connectivity and other infrastructure
costs, membership fees, etc.)
(collectively, ‘‘Routing Costs’’). The
Exchange monitors the fees charged as
compared to the costs of its routing
services and adjusts its routing fees and/
or sub-categories to ensure that the
Exchange’s fees result in a rough
approximation of overall Routing Costs,
and are not significantly higher or lower
in any area. Other options exchanges
assess routing fees in a similar manner.6
The Exchange proposes to amend fee
code RD to add applicable Customer
orders routed to MX2, a national
securities exchange. The charge
assessed per contract for fee code RD
remains the same ($0.25) under the
proposed rule change. The proposed
change results in an assessment of fees
that, given the fees of an away options
exchange, is in line with the Exchange’s
current approach to routing fees—that
is, in a manner that approximates the
cost of routing Customer orders to other
away options exchanges, based on the
general cost of transaction fees assessed
by the sub-category of away options
exchanges for such orders (as well as the
Exchange’s Routing Costs). The
Exchange notes that routing through the
Exchange is optional and that market
participants will continue to be able to
choose where to route applicable
Customer orders.
Deletion of the Catastrophic Error
Review Fee
The Miscellaneous section of the Fees
Schedule currently includes a
‘‘Catastrophic Error Review Fee’’ of
$5,000, which by its terms is assessed
only if, after a request for review with
the Exchange of a potential Catastrophic
Error, an Official determines that a
Catastrophic Error has occurred. The
substance of this fee is set forth in
6 See MEMX Options Exchange Fee Schedule,
available at https://www.memx.com/options/feeschedule; MIAX Options Exchange Fee Schedule,
available at https://www.miaxglobal.com/markets/
us-options/miax-options/fees; MIAX Pearl Fee
Schedule, available at https://www.miaxglobal.com/
markets/us-options/miax-pearl/fees; MIAX Emerald
Fee Schedule, available at https://
www.miaxglobal.com/markets/us-options/miaxemerald/fees.

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