Exchange Waves Goodbye to Pesky Late Payment Fees for Members
Published Date: 9/30/2025
Notice
Summary
Cboe EDGX Exchange is updating its fee schedule by removing old rules about charging 1% monthly late fees on overdue accounts. This change affects members of the exchange and takes effect immediately, making the fee rules clearer and simpler. No new fees are added, just some outdated language is cleaned up.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Removal of 1% Monthly Late-Fee Language
The Exchange removed obsolete fee-schedule language that said a 1% per month late fee would be charged on past-due Member account balances. The change aligns the fee schedule with current practice (the Exchange does not assess those late fees) and took effect upon filing on September 23, 2025.
User Agreement Late-Fee Language Removed
The Exchange intends to amend its Member User Agreement to remove language that obligated Members to pay a 1% per month late charge on past-due amounts. This amendment will bring the User Agreement into line with the Exchange's practice of not assessing those late fees.
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