# 2026-18929: Texas Stock Exchange Bills Traders for Past Audit Trail Expenses

2026-18929, Self-Regulatory Organizations; Texas Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fee Schedule To Establish Fees for Industry Members Related to Certain Historical Costs of the National Market System Plan Governing the Consolidated Audit Trail, is a Federal Register notice from Securities and Exchange Commission published 2026-09-16; PRIA reads it as touching household money (as of 2026-09-23).

- Canonical: https://policyrisk.com/federal-register/2026-18929
- As of: 2026-09-23
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-18929
- Title: Self-Regulatory Organizations; Texas Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fee Schedule To Establish Fees for Industry Members Related to Certain Historical Costs of the National Market System Plan Governing the Consolidated Audit Trail
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 58754
- Published: 2026-09-16
- Effective: unknown
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-09-23

## In one line

Texas Stock Exchange Bills Traders for Past Audit Trail Expenses

## Summary

The Texas Stock Exchange is updating its fee schedule to charge industry members for certain past costs tied to the National Market System Plan that manages the Consolidated Audit Trail. These new fees cover both physical and logical connectivity at key facilities and start as soon as the Exchange begins national operations. If you’re part of the trading world, get ready to budget for these new charges starting now!

## Effects PRIA read

- Industry Fee to Recover $38.96M CAT Costs: cost, medium. The filing would charge Industry Members identified as CAT Executing Brokers (CEBBs and CEBSs) a Historical CAT Assessment 1A to recover $38,964,855.34 of previously un-invoiced CAT costs incurred prior to January 1, 2022. The Operating Committee set a Historical Fee Rate of $0.000002; each transac…
- Exchanges' One-Third Paid by Loan Cancellation: benefit, high. The filing states Participants (the exchanges/SROs) will not be charged the Historical CAT Assessment; instead, the Participants’ one-third share of Historical CAT Costs ($106,019,939.67) will be paid by cancellation of loans made by the Participants to the Company. The filing also states Participa…

## Related documents

- [2026-20466](https://policyrisk.com/federal-register/2026-20466): Adviser and Regulated Fund Custody Rules; Crypto Custody Rules, 2026-10-06
- [2026-19260](https://policyrisk.com/federal-register/2026-19260): Rescission of Rule 14a-8's Federal Regulation of Shareholder Proposals and Amendments to Rule 14a-4, 2026-09-21
- [2026-18424](https://policyrisk.com/federal-register/2026-18424): Political Contributions by Certain Investment Advisers, 2026-09-10
- [2026-18190](https://policyrisk.com/federal-register/2026-18190): Transfer Agent Rules, 2026-09-04
- [2026-17183](https://policyrisk.com/federal-register/2026-17183): Regulation Crypto Assets, 2026-08-21
- [2026-12163](https://policyrisk.com/federal-register/2026-12163): The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS, 2026-06-17

## Sources
- [2026-18929 on federalregister.gov](https://www.federalregister.gov/documents/2026/09/16/2026-18929/self-regulatory-organizations-texas-stock-exchange-llc-notice-of-filing-and-immediate-effectiveness)
- [2026-18929 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-09-16/pdf/2026-18929.pdf)

## Related
- [Previous: 2026-18928, Self-Regulatory Organizations; Miami International Securities Exchange, LLC; No…](https://policyrisk.com/federal-register/2026-18928)
- [Next: 2026-18930, Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Imm…](https://policyrisk.com/federal-register/2026-18930)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-18929 (as of 2026-09-23).