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Self-Regulatory Organizations; NYSE Texas, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Fee Schedule of NYSE Texas, Inc. 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 NYSE Texas, Inc. has changed its fee schedule to include new fees for industry members related to the costs of the Consolidated Audit Trail (CAT) for the period from May 1, 2026, to December 31, 2026. This includes costs for various types of insurance, such as cyber security liability, directors' and officers' liability, and errors and omissions liability. These insurance policies are essential for corporate entities and will be maintained during this period. Insurance agents should be aware of these changes and consider how they may impact their clients involved in the industry.
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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