Other Rule Filings Incorporated by Reference

Bats BZX Exchange, Inc. ("BZX"), Bats BYX Exchange, Inc. ("BYX"), Bats EDGA Exchange, Inc. ("EDGA") and Bats EDGX Exchange, Inc. ("EDGX") (collectively known as the "Exchanges") have incorporated certain rules by reference from other self-regulatory organization ("SRO") rulebooks. As such, the Exchanges will periodically provide updates where applicable when there are new proposals or approvals to amend these incorporated rules by the other SROs. The Rule Filings are not effective until approved by the Securities and Exchange Commission ("SEC"), with the exception of certain types of rule filings that may take effect upon filing with the SEC if they meet the conditions specified under Section 19 of the Securities Exchange Act of 1934 and Rule 19b-4 thereunder. Below are descriptions of the Exchanges' rules incorporated by reference from other SROs, along with any current proposals/approvals filed by the SROs.

CBOE Rule Filings to Amend Rules Governing Position Limits for Broad-Based Index Options and Narrow-Based Index Options

Pursuant to BZX and EDGX Rule 29.5:

  • "Options Members shall comply with the applicable rules of the Chicago Board Options Exchange with respect to position limits for broad based index options…"

Pursuant to BZX and EDGX Rule 29.7:

  • "Options Members shall comply with the applicable rules of the Chicago Board Options Exchange with respect to position limits for Narrow-Based and Micro-Narrow Based Index Options traded on [BZX Options][EDGX Options] and also on the Chicago Board Options Exchange…"

As a result of Rules 29.5 and 29.7, changes to CBOE rules specific to position limits of broad-based index options and narrow-based index options could have an impact on a member’s compliance with the rules. Accordingly, below are links to pending CBOE rule filings with the SEC seeking to amend position limits of broad-based index options and/or narrow-based index options.

SR-CBOE-2016-091

Proposal to amend Exchange Rules related to P.M.-settled options on the S&P 500 Index.

SR-CBOE-2016-046

The Exchange proposes to expand the Nonstandard Expirations Pilot Program

SR-CBOE-2015-106

Proposal to permit P.M.-settled options on Broad-Based Indexes to expire on any Wednesday of the month by expanding the end of week/end of month Pilot Program

SR-CBOE-2014-003

Proposal to list options on the CBOE Short-Term Volatility Index

SR-CBOE-2014-003

Proposal to list options on the CBOE Short-Term Volatility Index.

SR-CBOE-2012-120

Establish a Pilot Program, as modified by Amendment Nos. 2, 3, and 4, to list and trade a P.M.-Settled S&P 500 Index Option Product

SR-CBOE-2012-042

Proposal to list and trade CBOE S&P 500 AM/PM Basis Options

SR-CBOE-2011-026

Proposal to trade options on certain individual stock based volatility indexes and exchange-traded fund based volatility indexes

SR-CBOE-2010-058

Proposed Rule Change Relating to Conforming Changes in Connection with Demutualization

SR-CBOE-2010-021

CBOE proposes to (i) expand the delta hedging exemption available for equity options position limits, (ii) amend the reporting requirements applicable to members relying on the delta hedging exemption, and (iii) adopt a delta hedging exemption from index options position limits. Approval Order

SR-CBOE-2009-075

Proposal to establish a pilot program to list P.M.-settled end of week and end of month expirations for options on broad-based indexes