Back to News
Federal RegisterFederal
Self-Regulatory Organizations; Cboe EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Establish Fees for Industry Members Related to Reasonably Budgeted CAT Costs of the National Market System Plan Governing the Consolidated Audit Trail for the Period From May 1, 2026 Through December 31, 2026
Plain English Summary
The Cboe EDGA Exchange has announced a new rule that will establish fees for industry members related to the costs of the Consolidated Audit Trail (CAT) from May 1, 2026, to December 31, 2026. This includes costs for various types of insurance, such as cyber security, directors' and officers' liability, and errors and omissions insurance. These policies are standard for companies and are essential for protecting the CAT system. Insurance agents should be aware of these upcoming fees and the importance of these insurance coverages for their clients involved in the CAT system.
+View original text
3(a)(2)(C) above.
It is anticipated that the <span class="match">insurance</span> costs for CAT during the CAT Fee 2026-1 Period will include costs related to cyber security liability <span class="match">insurance</span>, directors' and officers' liability <span class="match">insurance</span>, and errors and omissions liability <span class="match">insurance</span> brokered by USI <span class="match">Insurance</span> Services LLC (“USI”). Such policies are standard for corporate entities, and cyber security liability <span class="match">insurance</span> is important for the CAT System. CAT LLC anticipates that it will continue to maintain this <span class="match">insurance</span> during the CAT Fee 2026-1 Period, and notes that