CBOE Rule 3.4A
CBOE Rule 3.4A provides that each individual Trading Permit Holder (TPH) must be domiciled in or each TPH organization must be organized under the laws of a jurisdiction expressly approved by the Exchange, and will be subject to the jurisdiction of the federal courts of the United States and the courts of the state of Illinois.
A TPH prior to acting as agent for a customer, must be able to provide information regarding the customer and the customer's trading activities to the Exchange in response to a regulatory request for information pursuant to the rules of the Exchange. To the extent an individual or organization is required by an applicable law, rule or regulation to obtain written consent from a customer to permit the provision of this information to the Exchange, the TPH must obtain such consent.
The Exchange may at any time determine that a TPH can no longer comply with this Rule 3.4A. In that event, the TPH will have three months following the date of that determination to come into compliance with this Rule 3.4A. If a TPH does not come into compliance during that time period, the Exchange may terminate the TPH's status as a TPH.
The following is a list of jurisdictions approved by CBOE:
- British Virgin Islands
- Cayman Islands
- Czech Republic*
- Isle of Jersey
- United Arab Emirates
- United Kingdom
- United States
[FN1] CBOE reminds TPHs that the submission of orders from foreign jurisdictions must comply with all applicable legal and regulatory requirements.
* An additional form is required to become a CBOE TPH in this jurisdiction