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Nomination of Representative Directors for 2026 Annual Meetings

Cboe Exchange, Inc. and affiliated exchanges (Cboe Options, C2 Options, BYX, BZX, EDGA, and EDGX) have announced the nomination of two Representative Directors for election at their 2026 annual meetings. Bruce Andrews and David Roscoe, both current Representative Directors, have been nominated by the Representative Director Nominating Body to continue serving as Non-Industry Directors on each Exchange Board for one-year terms.

Annual Reports Filing Reminder - Electronic Filing Requirements Under SEA Rule 17a-5

CBOE issued Regulatory Circular 26-003 reminding trading permit holders and members of their annual audit report filing obligations under SEA Rule 17a-5. The SEC recently amended filing requirements to mandate electronic submissions via EDGAR in Interactive Data File format. Members must also file electronically with exchanges via FINRA's Firm Gateway.

Position and Exercise Limits for Options on Crypto Assets

Cboe Options Exchanges (Cboe Options, C2 Options, BZX Options, and EDGX Options) amended their rules to remove product-specific 25,000-contract position and exercise limits for options on crypto asset ETFs (Bitcoin and Ethereum trusts). Effective August 6, 2025 and February 24, 2026, the exchanges applied standard position limits under Cboe Options Rule 8.30.02, which may exceed 25,000 contracts based on trading volume factors. FLEX Options trading is now permitted on these crypto assets.

Amends Fee Schedule to Codify User Fee Exemption and Non-Display Usage Definition for Controlled Distributors

Cboe Exchange proposes amending its Fee Schedule to formally codify an existing User Fee exemption for Controlled Distributors and the amended definition of 'Non-Display Usage' under the Market Data section. The filing, originally submitted as SR-CBOE-2026-030 on April 1, 2026 and withdrawn April 13, 2026, was refiled as SR-CBOE-2026-036. Controlled Distributors receiving market data for Permitted Purposes (software development, quality assurance, testing, sales support for redistribution, or technical monitoring) would be exempt from Display Usage fees.

A.M.-Settled SPX Options, Any Weekday Expiration

Cboe Exchange proposes to amend its rules to permit listing of A.M.-settled SPX options expiring on any weekday (Monday-Friday, excluding third Friday-of-month and end-of-month coincidences) and on the last trading day of the month. The proposed rule change introduces A.M.-Settled Weekly Expirations and End-of-Month Expirations for S&P 500 Index options.