Securities and Exchange Commission
Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Securities and Exchange Commission [Release No. 34-105207; File No. SR-PHLX-2026-18] April 10, 2026. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”), [ 1 ] and Rule 19b-4 thereunder, [ 2 ] notice is hereby given that on March 31, 2026, Nasdaq PHLX LLC (“PHLX” or “Exchange”) filed with the Securities and Exchange Commission (“SEC” or “Commission”) the proposed rule change as described in Items I, II, and III, below, which Items have been prepared by the Exchange. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend the PHLX Pricing Schedule at Options 7, Section 2, Customer Rebate Program, and at Options 7, Section 4, Multiply Listed Options Fees. Specifically, the Exchange proposes to amend the Customer Rebate Program at Options 7, Section 2, to modify the percentage thresholds to qualify for Tier 4 and Tier 5, and to discontinue the exemption from the Marketing Fee for the contra side of order that executes against the originating order in an Exposure Complex Auction. While the amendment proposed herein is effective upon filing, the Exchange has designated the amendment to become operative on April 1, 2026. The text of the proposed rule change is available on the Exchange's website at https://listingce…
Citation: 91 FR 20200
