[ by Howard Haykin ] The Chicago Board Options Exchange, or CBOE, proposes to amend its rules regarding requests for data related to Exchange regulatory reviews.  The Exchange currently requests and receives certain trade data from Trading Permit Holders ("TPHs") and TPH organizations on an ad hoc basis, in the course of discharging its regulatory responsibilities as an SRO. Currently, TPHs and TPH organizations provide such data in a variety of different manners and formats, often piecemeal.  Because the form of the submitted information is highly variable and the manner of submission is not standard, the Exchange’s Regulatory Division expends considerable resources in re-organizing and systematizing the information in order to perform proper reviews and analyses. Data Submission in Electronic Format. As such, the Exchange proposes that, in addition to the existing obligation under Exchange rules regarding the production of books and records, each TPH or TPH organization shall furnish upon request, in the manner and standard electronic format prescribed by the Exchange, data concerning orders, transactions, and positions, including related hedges and offsets, in relation to a regulatory review conducted by the Exchange. Benefits of the Change. The change would allow CBOE to develop uniform procedures and forms for the submission of this order, position and trade data (the "Trade Data").  Uniformity and a standard format would help both TPHs (to better prepare for regulatory responses) and CBOE regulatory staff (to review and analyze Trade Data much more efficiently and expeditiously, given the improved layout of the data. The Exchange plans to publish a Regulatory Circular to illustrate new Trade Data layouts that may be used for any particular request - e.g., CBOE might require submission of the entire data layout, or simply limit the request to only certain components of the layout. The Exchange will not enforce compliance with this proposed rule change until it has announced an implementation plan - which will come in the form of a Regulatory Circular during Q4 of 2012.  The implementation plan will include a subsequent compliance date. The intervening period between the announcement of the implementation plan and the compliance date will allow TPHs time to prepare to comply. CBOE Staff Contacts. Direct questions to: Joanne Moffic-Silver, General Counsel, CBOE: (312) 786-7462, or Jeff Dritz: (312) 786-7070 For further details, go to:   [CBOE Rule Filing 12-87, 9/4/12].