Cboe Updates Fees to Match New FINRA Rules Gradually
Published Date: 3/24/2026
Notice
Summary
Cboe Exchange is updating its fee schedule to match new FINRA fees starting in 2026. This means traders and firms using Cboe Options will see changes in regulatory fees, especially for system processing and continuing education. The fee updates kick in right away and will roll out gradually through 2029, so everyone should get ready for these cost tweaks.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Tiered Annual Web CRD Fee
Beginning in 2026, the FINRA Annual System Processing Fee that appears on Cboe's Fee Schedule will move from a flat $70 to a tiered rate: $70 for 1-5 securities regulators, $95 for 6-20, $110 for 21-40, and $125 for 41 or more. These fees are collected and retained by FINRA through Web CRD for registered persons of a Trading Permit Holder (TPH) or TPH organizations that are not FINRA members; Cboe will list the fees but will not collect them.
Continuing Education Fee Rise
Starting in 2026, the Continuing Education Fee listed on Cboe's Fee Schedule will increase from $18 to $25 for all registrations for the Regulatory Element. FINRA will assess and collect this $25 fee via Web CRD; Cboe will list the fee but will not collect or retain it.
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Key Dates
Department and Agencies
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