About CBOE


DEPARTMENT OF REGULATORY PLANNING AND PROCESS ENABLEMENT

The budget for the department of Regulatory Planning and Process Enablement (RPPE) includes two employees who are in the Office of the Chief Regulatory Officer (CRO Office).

The primary goal of the RPPE is to enhance the Regulatory Services Group's interaction with the Exchange's Systems Division, the Exchange's Legal Division and the Exchange's Trading Permit Holders (TPH). The main functions of RPPE continue to include, but are not limited to, the following: acting as a liaison between the Regulatory Services Group and the Systems Division in the development of automated surveillance; acting as a liaison between the Regulatory Services Group and the Legal Division to evaluate the regulatory impact of proposed rule filings; representing the Exchange's regulatory interests at certain TPH committees both to facilitate communications with the regulatory staff and to communicate about the impact of proposed Exchange rules; and, finally, with servicing the surveillance and ad hoc data needs of the Regulatory Services Group and providing technical assistance to staff.

In 2010, RPPE assumed responsibility for coordinating the Self Regulatory Organization (SRO) Compliance efforts to ensure that the Exchange's business and regulatory systems operate according to the SRO's rules. During 2010, as part of the reorganization of the Market Quality Assurance area, RPPE took over responsibility of TPH education related to regulatory matters.

The CRO Office provides oversight to the Regulatory Services Division, acting as the primary liaison to the Securities and Exchange Commission, and providing primary representation of the Division with other external contacts such as the Intermarket Surveillance Group. Internally, this staff also acts, in conjunction with RPPE, as a liaison between the Regulatory Services Group and the CBOE Legal Division with regard to the regulatory impact of proposed rule filings and representing regulatory interests in internal CBOE, CBSX and CFE business matters.

If you would like further information about RPPE, please call (312) 786-7834.