Other Rule Filings Incorporated by Reference
BATS Exchange, Inc. ("BZX") and BATS Y-Exchange, Inc. ("BYX" and together with BZX as "BATS") have incorporated certain rules by reference from other self-regulatory organization ("SRO") rulebooks. As such, BATS 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 BATS 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 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 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 BATS Options and also on the Chicago Board Options Exchange…"
As a result of BZX 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 BATS 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.