Reg NMS
E448132
Reg NMS is a set of U.S. Securities and Exchange Commission rules designed to modernize and strengthen the regulation and structure of the national equity securities markets.
Statements (52)
| Predicate | Object |
|---|---|
| instanceOf |
SEC rule set
ⓘ
U.S. securities regulation ⓘ |
| accessRuleRequirement | trading centers must provide fair and non-discriminatory access to quotations ⓘ |
| adoptionDate | 2005-06-29 ⓘ |
| affects |
alternative trading systems
ⓘ
broker-dealers ⓘ market data distributors ⓘ national securities exchanges ⓘ |
| amendedBy |
Market Data Infrastructure Rules (2020)
NERFINISHED
ⓘ
Regulation NMS amendments of 2018 ⓘ |
| componentRule |
Access Rule
ⓘ
Market Data Rules NERFINISHED ⓘ Order Protection Rule NERFINISHED ⓘ Sub-Penny Rule ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| defines |
national market system plan governance requirements
ⓘ
quotations that are protected from trade-throughs ⓘ standards for automated quotations ⓘ standards for protected quotations ⓘ |
| effectivePeriodStart | 2005 ⓘ |
| fullName | Regulation National Market System NERFINISHED ⓘ |
| includesConcept |
access fees caps
ⓘ
automated trading centers ⓘ intermarket sweep orders ⓘ protected quotations ⓘ sub-penny pricing restrictions ⓘ trade-through protection ⓘ |
| jurisdiction | U.S. equity securities markets ⓘ |
| legalBasis | Securities Exchange Act of 1934 NERFINISHED ⓘ |
| marketDataRuleRequirement | govern distribution and fees of consolidated market data ⓘ |
| orderProtectionRuleRequirement | trading centers must prevent trade-throughs of protected quotations ⓘ |
| policyGoal |
ensure fair access to quotations
ⓘ
establish uniform rules for market data ⓘ promote best execution of investor orders ⓘ promote competition among trading venues ⓘ promote price transparency ⓘ reduce market fragmentation ⓘ |
| purpose |
modernize regulation of national market system for equity securities
ⓘ
promote competition among markets and orders ⓘ promote fair and efficient access to quotations ⓘ protect investors ⓘ strengthen the structure of U.S. equity markets ⓘ |
| regulator | U.S. Securities and Exchange Commission NERFINISHED ⓘ |
| relatedTo |
National Market System
NERFINISHED
ⓘ
best execution obligations ⓘ equity market structure reform ⓘ |
| ruleNumber |
Rule 610
ⓘ
Rule 611 NERFINISHED ⓘ Rule 612 ⓘ Rules 600–612 ⓘ |
| subPennyRuleRequirement | minimum price increment of $0.01 for quotations in stocks priced at or above $1.00 ⓘ |
| subPennyRuleThreshold | $1.00 ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.