The International Securities Exchange (ISE) filed a rule change proposing to amend certain rules that govern the members’ conduct of doing business with the public, which would be modeled after the New York Stock Exchange and Financial Industry Regulatory Authority rules. Namely, the proposed rule change would require members to integrate the responsibility for supervision of their public customer options business into their overall supervisory and compliance programs as well as to strengthen such supervisory procedures and internal controls. The proposed rule change would also conform ISE rules to those of the Chicago Board Options Exchange, which has eliminated the requirement that a member qualified to do a public customer business in options must designate a single person to act as a Senior Registered Options Principal for the member and that each such member designate a specific individual as a Compliance Registered Options Principal.

http://sec.gov/rules/sro/ise/2008/34-58129.pdf