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SEC RIN: 3235-AL66 Publication ID: Fall 2017 
Title: Regulation of NMS Stock Alternative Trading Systems  

The Commission proposed amendments to Exchange Act Rule 3a1-1(a) and Regulation ATS to increase operational transparency and foster oversight of ATSs that transact NMS stocks (NMS Stock ATSs”).  The proposed amendments would: (1) require an NMS Stock ATS to publicly disclose, on proposed Form ATS-N, information about (i) the manner in which the ATS operates, and (ii) the ATS-related activities of the broker-dealer that operates the ATS and its affiliates; and (2) provide a process for the Commission to, by order, declare a Form ATS-N effective or, after notice and opportunity for hearing, ineffective.

Agency: Securities and Exchange Commission(SEC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
CFR Citation: 17 CFR 240.3a1-1    17 CFR 242.300 et seq.    17 CFR 242.301    17 CFR 242.303    17 CFR 249.640   
Legal Authority: 15 U.S.C. 78a    15 U.S.C. 78k-1    15 U.S.C. 78o    15 U.S.C. 78q(a)    15 U.S.C. 78q(b)    15 U.S.C. 78w(a)    15 U.S.C. 78mm   
Legal Deadline:  None
Action Date FR Cite
NPRM  12/28/2015  80 FR 80998   
NPRM Comment Period End  02/26/2016 
Final Action  10/00/2018 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Undetermined 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL:  
RIN Data Printed in the FR: No 
Agency Contact:
Marsha Dixon
Division of Trading and Markets
Securities and Exchange Commission
100 F Street NE,
Washington, DC 20549
Phone:202 551-5782