DEPARTMENT OF REGULATORY PLANNING AND STRATEGY

The Department of Regulatory Planning and Strategy ("DRPS" or the "Department") was created in 2004 to improve the Member and Regulatory Services Division's (the "Division") ability to efficiently address regulatory changes in relation to the evolving trading environment. DRPS acts as the Division's liaison to the Systems Division in the development of automated surveillance and also serves as the Division's liaison to the Legal Division to evaluate the regulatory impact of proposed rule filings. The Department also represents the Exchange's regulatory interests at certain membership committees both to facilitate communications with the regulatory staff and to communicate the impact of proposed Exchange rules. DPRS is also responsible for responding to SEC inquiries and inspection reports regarding the regulatory program and implementing or facilitating progress toward CBOE commitments to the SEC, Regulatory Oversight Committee and CBOE Board of Directors. The Department also works to enhance member services and communication through the development and distribution of Regulatory Circulars and addressing suggestions, concerns and complaints received from members and investors regarding regulatory issues.

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