New York Stock Exchange Suspends FOCUS Fee for 2026
Published Date: 7/17/2026
Notice
Summary
Starting July 1, 2026, the New York Stock Exchange (NYSE) is giving its members a break by waiving the Gross FOCUS fee until the end of the year. This means member organizations won’t have to pay this fee for six months, saving them some money while the Exchange keeps things running smoothly. The change kicks in immediately and lasts through December 31, 2026.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Six-Month Waiver of Gross FOCUS Fee
The New York Stock Exchange will waive the Gross FOCUS Fee for all member organizations from July 1, 2026 through December 31, 2026. The Gross FOCUS Fee is normally a monthly regulatory charge of $0.11 per $1,000 of gross revenue reported on a member's FOCUS Report (with minimum annual Gross FOCUS Fees of $500 for carrying firms and designated market makers, $250 for introducing firms, and $45 for member organizations that do not conduct a public business).
Planned Resumption of Fee Jan 1, 2027
The Exchange intends to resume assessing the Gross FOCUS Fee as of January 1, 2027, generally at the current rate, unless it determines a further adjustment is necessary and makes an appropriate filing with the Commission. That current rate is $0.11 per $1,000 of gross revenue reported on the FOCUS Report.
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
2026-12163 — 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!
2026-14413 — Cliffwater Corporate Lending Fund, et al.
Cliffwater Corporate Lending Fund and its partners want permission to team up and invest together in the same companies, which usually isn’t allowed. This change affects several investment funds and could help them work smarter and share opportunities. If no one objects by August 10, 2026, the SEC will approve this move, potentially boosting how these funds grow their money.
2026-14526 — Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 904 and Rule 905 To Increase Position and Exercise Limits for Options on iShares Bitcoin Trust ETF
NYSE American is raising the maximum number of options contracts traders can hold and exercise on the iShares Bitcoin Trust ETF to 1,000,000. This change affects investors who trade these options and aims to support bigger trading activities starting immediately. It’s a big move that could mean more flexibility and bigger bets in the Bitcoin ETF options market.
Previous / Next Documents
Previous: 2026-14400 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Options Regulatory Fee (“ORF”)
Starting July 1, 2026, Cboe BZX Exchange is changing how it charges the Options Regulatory Fee (ORF). The fee will go up from $0.0002 to $0.0003 per options contract that clears in the customer range. This affects traders using the Exchange and means a small increase in their trading costs right away.
Next: 2026-14402 — Self-Regulatory Organizations; Miami International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fee Schedule
Miami International Securities Exchange (MIAX) is updating its fee schedule starting July 1, 2026. Market Makers will pay higher fees for certain order tiers, while Priority Customers get new rebate levels with fresh volume targets. These changes affect traders using MIAX and aim to balance costs and rewards quickly and clearly.