SECURITIES AND EXCHANGE COMMISSION
(Release No. 34-102064; File No. SR-CboeBYX-2024-050)
December 31, 2024
Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Notice of Filing and Immediate
Effectiveness of 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 2025
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 December 20, 2024, Cboe BYX Exchange, Inc.
(“Exchange”) filed with the Securities and Exchange Commission (“Commission”) the proposed
rule change as described in Item I below, which Item has been substantially prepared by the
Exchange. The Exchange has designated this proposal for immediate effectiveness pursuant to
Section 19(b)(3)(A) of the Act3 and Rule 19b-4(f) thereunder.4 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 its “Consolidated Audit Trail Funding Fees” fee
schedule to establish the CAT Fee 2025-1 fee rate of $0.000022 per executed equivalent share.
The proposed rule change, including the Exchange’s statement of the purpose of, and
statutory basis for, the proposed rule change, is available on the Exchange’s website at
http://www.cboe.com/AboutCBOE/CBOELegalRegulatoryHome.aspx, at the principal office of
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b-4.
3 15 U.S.C. 78s(b)(3)(A).
4 17 CFR 240.19b-4(f). At any time within 60 days of the filing of the proposed rule change, the
Commission summarily may temporarily suspend such rule change if it appears to the Commission that
such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in
furtherance of the purposes of the Act. If the Commission takes such action, the Commission will institute
proceedings to determine whether the proposed rule change should be approved or disapproved.
2
the Exchange, and on the Commission’s website at https://www.sec.gov/rules-regulations/self-
regulatory-organization-rulemaking/national-securities-exchanges?file_number=SR-CboeBYX-
2024-050.
II. Solicitation of Comments
Interested persons are invited to submit written data, views, and arguments concerning
the foregoing, including whether the proposed rule change is consistent with the Act.5
Comments may be submitted electronically by using the Commission’s internet comment form
(https://www.sec.gov/rules-regulations/self-regulatory-organization-rulemaking/national-
securities-exchanges?file_number=SR-CboeBYX-2024-050) or by sending an email to rule-
comments@sec.gov. Please include file number SR- CboeBYX-2024-050 on the subject line.
Alternatively, paper comments may be sent to Secretary, Securities and Exchange Commission,
100 F Street NE, Washington, DC 20549-1090. All submissions should refer to file number SR-
CboeBYX-2024-050. To help the Commission process and review your comments more
efficiently, please use only one method. The Commission will post all comments on the
Commission’s internet website (https://www.sec.gov/rules-regulations/self-regulatory-
organization-rulemaking/national-securities-exchanges?file_number=SR-CboeBYX-2024-050).
Do not include personal identifiable information in submissions; you should submit only
information that you wish to make available publicly. We may redact in part or withhold
entirely from publication submitted material that is obscene or subject to copyright protection.
5 Copies of the submission, all subsequent amendments, all written statements with respect to the proposed
rule change that are filed with the Commission, and all written communications relating to the proposed
rule change between the Commission and any person, other than those that may be withheld from the
public in accordance with the provisions of 5 U.S.C. 552, will be available for website viewing and printing
in the Commission’s Public Reference Room, 100 F Street NE, Washington, DC 20549, on official
business days between the hours of 10 a.m. and 3 p.m. Copies of the filing also will be available for
inspection and copying at the principal office of SRO.
3
All submissions should refer to file number SR- CboeBYX-2024-050 and should be submitted
on or before [INSERT DATE 21 DAYS AFTER DATE OF PUBLICATION IN THE FEDERAL
REGISTER].
For the Commission, by the Division of Trading and Markets, pursuant to delegated
authority.6
Stephanie J. Fouse,
Assistant Secretary.
6 17 CFR 200.30-3(a)(12).
