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Disclosure of Order Handling Information

SEC · final-rule · Published 2019-04-30 · Effective 2019-04-30 · 84 FR 18136

Document

Document number
2019-08675
Federal Register citation
84 FR 18136
CFR reference
17 CFR 240
Type
Rule
Action
Final rule; extension of compliance date for certain requirements.
Category
final-rule
Agency
US Securities and Exchange Commission
Publication date
2019-04-30
Effective date
2019-04-30
Docket
Release No. 34-85714

Abstract

The Commission is extending the compliance date for the recently adopted amendments to Rule 606 of Regulation National Market System ("Regulation NMS") under the Securities Exchange Act of 1934 ("Exchange Act"), which require additional disclosures by broker- dealers to customers concerning the handling of customer orders. Specifically, the Commission is extending the compliance date for the recently adopted amendments to Rule 606. Following September 30, 2019, broker-dealers must begin to collect the information required by Rules 606(a) and 606(b) as amended. The compliance date remains May 20, 2019 for the amendments to Rule 605. The Commission is extending the compliance date for the recently adopted amendments to Rule 606 in order to give broker-dealers additional time to develop, program, and test for compliance with the new and amended requirements of the rule.

Source

Authoritative
Federal Register document
Machine
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