29 Aug 2025
📊Cboe Proposes New Rule for Annual Audits from Trading Permit Holders
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Update Rules Regarding Requirements To Submit Annual Audits to the Exchange
Summary
The Cboe Exchange proposes to update its rules for Trading Permit Holders (TPHs), mandating annual audited reports in alignment with SEC requirements. This aims to simplify compliance and enhance regulatory oversight, ensuring all TPHs follow consistent financial reporting standards, regardless of previous exemptions.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule changes require Trading Permit Holders (TPHs) to submit annual audited reports, enhancing compliance and regulatory oversight. This impacts financial reporting and auditing practices for TPHs, mandating alignment with SEC's requirements. Non-compliance may lead to repercussions for businesses, making regulatory awareness crucial.