July 11, 2020

Volume X, Number 193

July 10, 2020

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July 09, 2020

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CBOE Exchange Proposes to Temporarily Extend the Filing Deadline for Certain Supervision-Related Reports

On June 1, Cboe Exchange, Inc. (Cboe) filed with the Securities and Exchange Commission a proposed rule change to amend Rule 8.16 and Rule 9.2 to temporarily extend the filing deadline for certain supervision-related reports, which Cboe previously extended from April 1 to June 1 and from June 1 to June 30. 

The proposed amendments are made in connection with the coronavirus (COVID-19) pandemic, which has placed stress on market participants’ information technology infrastructure and the required deployment of significant resources, including to implement and continuously adapt business continuity plans. In addition, the proposed amendments are consistent with the temporary relief recently reissued by the Financial Industry Reporting Authority (FINRA), extending the deadline for member firms to submit their supervision-related reports (FINRA Rule 3120 Report and FINRA Rule 3130 certification) from the initial extension deadlines of June 1 to June 30.

The proposed rule changes will become effective upon filing in the Federal Register. A copy of the proposed rule is available here.

©2020 Katten Muchin Rosenman LLPNational Law Review, Volume X, Number 157

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About this Author

Susan Light, Katten Law Firm, Finance Law Attorney, New York
Partner

Susan Light focuses her practice on financial services regulatory matters. She counsels broker-dealers, hedge funds, investment banks and financial services clients on enforcement issues involving the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), other self-regulatory organizations (SROs) and state and federal regulatory authorities. She has particular experience related to sales practice issues, financial and operational issues, anti-money laundering, crowdfunding, cybersecurity, and cryptocurrencies.

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212-940-8599
Michael T. Foley, Katten, Lawyer, Finance, FINRA, Chicago
Special Counsel

Michael Foley represents broker-dealers, investment advisers and other financial services industry participants with respect to a broad spectrum of legal and regulatory matters arising under the federal securities laws.

Michael has nearly 20 years of experience in private practice and in-house at both a large, full-service broker-dealer and at an online discount broker-dealer, advising broker-dealers and other financial institutions regarding compliance with the federal securities and commodities laws, and with the regulations of the US Securities and Exchange Commission, the US Commodity Futures Trading Commission and financial industry self-regulatory organizations. 

312-902-5452
Associate

Adam Haft is an associate in the Financial Services practice.

Bar Admissions

New York

212.940.6489