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    <RIN_INFO>
        <RIN>3235-AN29</RIN>
        <PUBLICATION>
            <PUBLICATION_ID>202304</PUBLICATION_ID>
            <PUBLICATION_TITLE>Unified Agenda of Federal Regulatory and Deregulatory Actions</PUBLICATION_TITLE>
        </PUBLICATION>
        <AGENCY>
            <CODE>3235</CODE>
            <NAME>Securities and Exchange Commission</NAME>
            <ACRONYM>SEC</ACRONYM>
        </AGENCY>
        <RULE_TITLE>Volume-Based Exchange Transaction Pricing</RULE_TITLE>
        <ABSTRACT><![CDATA[<!DOCTYPE html>
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<p>The Division is considering recommending that the Commission propose a new rule under the Securities Exchange Act of 1934 to address concerns with national securities exchange volume-based transaction pricing in NMS stocks by requiring exchanges to make periodic public disclosures about those pricing models to facilitate greater transparency of their impact and to mitigate conflicts of interest and facilitate competition among broker-dealers by prohibiting volume-based pricing by exchanges for agency-related volume.</p>
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        <PRIORITY_CATEGORY>Substantive, Nonsignificant</PRIORITY_CATEGORY>
        <RIN_STATUS>First Time Published in The Unified Agenda</RIN_STATUS>
        <RULE_STAGE>Proposed Rule Stage</RULE_STAGE>
        <MAJOR>Undetermined</MAJOR>
        <UNFUNDED_MANDATE_LIST>
            <UNFUNDED_MANDATE>No</UNFUNDED_MANDATE>
        </UNFUNDED_MANDATE_LIST>
        <CFR_LIST>
            <CFR>17 CFR 240.6b-1</CFR>
        </CFR_LIST>
        <LEGAL_AUTHORITY_LIST>
            <LEGAL_AUTHORITY>15 U.S.C. 78b</LEGAL_AUTHORITY>
            <LEGAL_AUTHORITY>15 U.S.C. 78c</LEGAL_AUTHORITY>
            <LEGAL_AUTHORITY>15 U.S.C. 78f</LEGAL_AUTHORITY>
            <LEGAL_AUTHORITY>15 U.S.C. 78k</LEGAL_AUTHORITY>
            <LEGAL_AUTHORITY>15 U.S.C. 78k-1</LEGAL_AUTHORITY>
            <LEGAL_AUTHORITY>15 U.S.C. 78o</LEGAL_AUTHORITY>
            <LEGAL_AUTHORITY>15 U.S.C. 78q</LEGAL_AUTHORITY>
            <LEGAL_AUTHORITY>15 U.S.C. 78s</LEGAL_AUTHORITY>
            <LEGAL_AUTHORITY>15 U.S.C. 78w(a)</LEGAL_AUTHORITY>
            <LEGAL_AUTHORITY>15 U.S.C. 78mm</LEGAL_AUTHORITY>
        </LEGAL_AUTHORITY_LIST>
        <LEGAL_DLINE_LIST/>
        <RPLAN_ENTRY>No</RPLAN_ENTRY>
        <TIMETABLE_LIST>
            <TIMETABLE>
                <TTBL_ACTION>NPRM</TTBL_ACTION>
                <TTBL_DATE>10/00/2023</TTBL_DATE>
            </TIMETABLE>
        </TIMETABLE_LIST>
        <RFA_REQUIRED>No</RFA_REQUIRED>
        <SMALL_ENTITY_LIST>
            <SMALL_ENTITY>No</SMALL_ENTITY>
        </SMALL_ENTITY_LIST>
        <GOVT_LEVEL_LIST>
            <GOVT_LEVEL>Undetermined</GOVT_LEVEL>
        </GOVT_LEVEL_LIST>
        <FEDERALISM>No</FEDERALISM>
        <PRINT_PAPER>No</PRINT_PAPER>
        <INTERNATIONAL_INTEREST>No</INTERNATIONAL_INTEREST>
        <AGENCY_CONTACT_LIST>
            <CONTACT>
                <FIRST_NAME>Richard</FIRST_NAME>
                <LAST_NAME>Holley</LAST_NAME>
                <TITLE>Division of Trading and Markets</TITLE>
                <AGENCY>
                    <CODE>3235</CODE>
                    <NAME>Securities and Exchange Commission</NAME>
                    <ACRONYM>SEC</ACRONYM>
                </AGENCY>
                <PHONE>202 551-5614</PHONE>
                <EMAIL>holleyr@sec.gov</EMAIL>
                <MAILING_ADDRESS>
                    <STREET_ADDRESS>100 F Street NE,</STREET_ADDRESS>
                    <CITY>Washington</CITY>
                    <STATE>DC</STATE>
                    <ZIP>20549</ZIP>
                </MAILING_ADDRESS>
            </CONTACT>
        </AGENCY_CONTACT_LIST>
    </RIN_INFO>
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