Nasdaq ISE Delays Options Regulatory Fee Shift to July 2026
Published Date: 1/2/2026
Notice
Summary
Nasdaq ISE is hitting the pause button on its new Options Regulatory Fee plan, keeping the current fee of $0.0011 per contract side until July 1, 2026. This delay gives everyone more time to adjust before the new fee system kicks in, and the previous deadline and sunset rules are now off the table. Traders and firms using Nasdaq ISE’s options market will feel the impact as the fee stays steady for the next six months.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
ORF Set at $0.0011 Per Contract Side
Effective January 2, 2026, Nasdaq ISE will maintain its current ORF methodology and set the ORF at $0.0011 per contract side while the industry transitions to the new model. This is a temporary change that raises the ORF from $0.0003 (the October 1, 2025 level) to $0.0011 per contract side until the new methodology becomes effective on July 1, 2026.
New ORF Implementation Delayed to July 1, 2026
Nasdaq ISE is delaying the start of its new Options Regulatory Fee (ORF) methodology that was to take effect on January 2, 2026. The Exchange now will implement the new ORF and methodology on July 1, 2026 and has removed the February 1, 2026 sunset date, giving clearing members and market participants more time to design, test, and implement changes.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-12163, The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS
The SEC wants to scrap some old rules that stop stocks from being traded at worse prices and prevent confusing market quotes. This change affects stock traders and exchanges, aiming to simplify trading and possibly speed things up. If you want to share your thoughts, you’ve got until August 17, 2026, so don’t miss out!
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!
2026-16781, Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of a Proposed Rule Change To Amend Sections 303A.00 and 303A.07 of the NYSE Listed Company Manual
The New York Stock Exchange (NYSE) is giving listed companies more time to set up their internal audit teams, which help keep an eye on risks and controls. This change affects all companies listed on the NYSE and aims to make the transition smoother without rushing. No new costs or deadlines are added yet, but companies should prepare for the updated timeline once it’s official.
2026-16784, Self-Regulatory Organizations; The Depository Trust Company; Order Approving Proposed Rule Change To Amend the Redemptions Service Guide and the Operational Arrangements (Necessary for Securities To Become and Remain Eligible for DTC Services)
Previous / Next Documents
Previous: 2025-24133, Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Concerning the Exchange's Options Regulatory Fee (ORF) Methodology Until July 1, 2026
Nasdaq is hitting the pause button on its new Options Regulatory Fee plan, pushing the start date from January 2 to July 1, 2026. Meanwhile, they’re bumping up the current fee from $0.00005 to $0.0006 per contract side to keep things steady while everyone adjusts. This change affects traders using Nasdaq’s options market and keeps the fee system familiar for the next six months.
Next: 2025-24136, Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Modify the Implementation Date of SR-NYSE-2025-30
The New York Stock Exchange (NYSE) is pushing back the start date for a new rule that lets traders send orders to certain markets that don’t show their best prices. This change affects traders and brokers who use the NYSE’s order routing system. No extra costs are involved, but everyone should note the new timing to stay in the loop!