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Regulation NMS

SEC · final-rule · Published 2007-01-30 · Effective 2005-08-29 · 72 FR 4202

Document

Document number
E7-1384
Federal Register citation
72 FR 4202
CFR reference
17 CFR 242
Type
Rule
Action
Final rule; extension of compliance dates.
Category
final-rule
Agency
US Securities and Exchange Commission
Publication date
2007-01-30
Effective date
2005-08-29
Docket
Release No. 34-55160

Abstract

The Commission is extending for a limited period of time three of the future compliance dates for Rule 610 and Rule 611 of Regulation NMS ("Rule 610" and "Rule 611," respectively) under the Securities Exchange Act of 1934 ("Exchange Act"). Rule 610 requires fair and non-discriminatory access to quotations, establishes a limit on access fees, and requires each national securities exchange and national securities association to adopt, maintain, and enforce written rules that prohibit their members from engaging in a pattern or practice of displaying quotations that lock or cross protected quotations. Rule 611 requires trading centers to establish, maintain, and enforce written policies and procedures reasonably designed to prevent the execution of trades at prices inferior to protected quotations displayed by other trading centers, subject to an applicable exception. The Commission is extending the three compliance dates to give automated trading centers additional time to complete the rollout of their new or modified trading systems.

Source

Authoritative
Federal Register document
Machine
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