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SEC adopted amendments to order executions in national market systems stocks
Publication date: 07 Mar 2024
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SEC adopted amendments to order executions in national market systems stocks
On March 6, the SEC adopted amendments to the disclosure requirements of Rule 605 of Regulation NMS for order executions in national market systems (NMS) stocks, which are stocks listed on a national securities exchange. The amendments expand the scope of entities subject to Rule 605 to include broker-dealers who introduce or carry 100,000 or more customer accounts, modify the information reported under the rule, and require a summary report of execution quality. The amendments become effective 60 days after publication of the adopting release in the Federal Register, with a compliance date of 18 months from the effective date.
On March 6, the SEC adopted amendments to the disclosure requirements of Rule 605 of Regulation NMS for order executions in national market systems (NMS) stocks, which are stocks listed on a national securities exchange. The amendments expand the scope of entities subject to Rule 605 to include broker-dealers who introduce or carry 100,000 or more customer accounts, modify the information reported under the rule, and require a summary report of execution quality. The amendments become effective 60 days after publication of the adopting release in the Federal Register, with a compliance date of 18 months from the effective date.
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