Cboe Simplifies Listing Fees: Pay the Lowest, Bill Quarterly
Published Date: 12/30/2025
Notice
Summary
Cboe BZX Exchange is updating its rule about company listing fees to make things clearer and fairer. Now, if a company fits into more than one fee category, it will only pay the lowest fee. Also, the Exchange will charge these fees right when a company lists and then every year in the first quarter. This helps companies know exactly when and how much they’ll pay.
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
You Pay the Lowest Listing Fee
If a company’s securities fall into more than one fee category under Rule 14.13, the Exchange will charge the issuer only the lowest applicable annual listing fee. This change explicitly codifies that practice so companies know they will not be charged a higher fee when multiple categories could apply.
When Annual Listing Fees Are Charged
The Exchange will assess all annual listing fees upon initial listing and then annually in the first quarter of each calendar year. This tells issuers exactly when fees will be invoiced and helps companies plan and budget for listing expenses.
Rule Change Codifies Existing Practices
The amendments codify longstanding Exchange practices and do not change the substantive fee structure. The Exchange states that no issuer will experience an increase in fees as a result of these amendments, and the clarifications aim to reduce confusion and disputes about fee assessments.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-10373 — Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222 — Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
2026-07651 — Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-11032 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Update Rule 11.26(a)
Cboe BZX Exchange is updating its rule to include a new stock exchange, Texas Stock Exchange (TXSE), in its data sources for handling and routing orders. This change kicks in between July 2 and July 17, 2026, and helps keep trading info clear and up-to-date. Traders and members will see no extra costs, just smoother, more transparent trading.
2026-11033 — Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Update Rule 11.26(a)
Cboe BYX Exchange is updating its rules to include data from the new Texas Stock Exchange, which will start trading between July 2 and July 17, 2026. This change affects how BYX handles, routes, and executes orders, making sure everyone knows where the data comes from. No extra costs or delays are expected, and the update is effective immediately.
2026-11034 — Self-Regulatory Organizations; Nasdaq Stock Market LLC; Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1 Thereto, To List and Trade Shares of the iShares Bitcoin Premium Income ETF Under Nasdaq Rule 5711(d) (Commodity-Based Trust Shares)
The SEC gave a speedy thumbs-up for Nasdaq to list and trade shares of the iShares Bitcoin Premium Income ETF, a new fund tied to Bitcoin. This means investors can soon buy and sell these shares on Nasdaq, starting right after approval. It’s a fresh way for folks to earn income from Bitcoin without owning it directly, opening new doors in the crypto world.
Previous / Next Documents
Previous: 2025-23938 — Self-Regulatory Organizations; Fixed Income Clearing Corporation; Order Approving Proposed Rule Change To Modify the GSD Rulebook Relating to a New Service Offering Called the ACS Triparty Service
The Fixed Income Clearing Corporation (FICC) just got the green light to launch a cool new service called the ACS Triparty Service. This change affects folks who trade U.S. government securities by making clearing and settlement smoother and more efficient. The new service kicks off soon, with no extra fees announced yet, promising a smarter way to handle trades.
Next: 2025-23940 — Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Adopt a Best Execution and Interpositioning Rule
Nasdaq ISE is rolling out a new rule to make sure brokers always try to get the best deal for their customers when trading options. This rule, effective immediately, matches a similar one from another Nasdaq exchange and helps keep trading fair and clear. Brokers and traders on Nasdaq ISE should get ready to follow this new best execution and anti-interpositioning rule starting now, with no extra fees involved.