25 Sep 2025
🕵️♂️Cboe Proposes Rule Change for Fingerprint-Based Background Checks
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 7.10 Relating to Fingerprint-Based Background Checks
Summary
Cboe Exchange, Inc. proposes to amend Rule 7.10 to align with Section 17(f)(2) of the Securities Exchange Act, updating the requirements for fingerprint-based background checks on its personnel and contractors. The change seeks to enhance security by formalizing screening processes while excluding certain contractor classifications from existing fingerprint mandates.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulatory notice proposes amendments to Rule 7.10 which directly impacts compliance requirements for exchange-related personnel background checks. Businesses utilizing Cboe services must ensure conformity with updated fingerprinting and background screening procedures for their employees and contractors. This could incur additional operational costs.