The Cboe Exchange, Inc. has proposed a change to their Rules 8.16 and 9.2, aiming to align their supervisory reporting process for Trading Permit Holders with the standards set by FINRA and NYSE. The Securities and Exchange Commission (SEC) published this notice to gather feedback from the public. The change is effective immediately as the SEC waived the typical 30-day delay, believing it will ease the annual reporting procedures for members who are also involved with NYSE and/or FINRA. Interested parties are invited to submit their comments, with a deadline for submissions set for April 8, 2025.
Simple Explanation
The Cboe Exchange wants to change some rules to make it easier for their members to do yearly reports, just like two other big groups do. This change is happening right away, and people can tell what they think about it until April 8, 2025.