New Requirements for CBOE Trading Permit Holders
Published on:
October 29, 2014
Committee:
SIFMA provided comments to the Chicago Board Options Exchange Incorporated (CBOE) regarding CBOE Regulatory Circular RG14-139 and C2 Regulatory Circular RG14-040 (collectively, “the Regulatory Circulars”).
While SIFMA supports CBOE’s efforts to enhance their regulatory and investigation efforts, the requirements described in the Regulatory Circulars are largely new and therefore require a notice and comment period.
In addition, the Regulatory Circulars create an untenable January 5, 2015 deadline by which Trading Permit Holders (TPHs) must be able to provide data in a new standardized format through a new submission process.
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