On Oct. 3, Cboe BZX extended implementation of risk check function.
Cboe BZX, Cboe BYX, Cboe EDGX, Cboe EDGA extended implementation date of functionality for members with option to use additional aggregate credit risk checks.
Follows May 2024 rule amendments for additional, optional risk setting, see #214012.
Implementation Extension
Initially proposed to implement the aggregate credit risk checks by Oct. 31, 2024.
Estimated implementation dates are sometimes necessary so because implementing new functionality sometimes requires additional time to develop, test, and deploy.
Provided estimated implementation dates to make members aware that certain rule text is subject to amendment post implementation of the new functionality.
Sufficient notice to make necessary technological, operational adjustments to systems.
More time is needed to design, test, and implement aggregate credit risk checks.
Effectiveness
On Sep. 26, 2024, Cboe BZX, BYX, EDGX, EDGA initially filed proposal with the SEC.
On Oct. 3, 2024, SEC issued approval, immediate effect for BZX, BYX, EDGX, EDGA.
