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SEC RIN: 3235-AN23 Publication ID: Spring 2023 
Title: ●Regulation NMS: Minimum Pricing Increments, Access Fees, and Transparency of Better Priced Orders  
Abstract:

The Division is considering recommending that the Commission amend certain rules of Regulation National Market System (Regulation NMS) under the Securities Exchange Act of 1934, as amended, to adopt variable minimum pricing increments for the quoting and trading of NMS stocks, reduce the access fee caps, and enhance the transparency of better priced orders.

 
Agency: Securities and Exchange Commission(SEC)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 17 CFR 242.600(b)(59)    17 CFR 242.600(b)(78)    17 CFR 242.603    17 CFR 242.610    17 CFR 242.612   
Legal Authority: 15 U.S.C. 78b    15 U.S.C. 78c    15 U.S.C. 78e    15 U.S.C. 78f    15 U.S.C. 78k    15 U.S.C. 78k-1    15 U.S.C. 78o    15 U.S.C. 78o-3    15 U.S.C. 78q    15 U.S.C. 78s    15 U.S.C. 78w(a)    15 U.S.C. 78mm   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/29/2022  87 FR 80266   
NPRM Comment Period End  03/31/2023 
Final Action  04/00/2024 
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: Undetermined 
Small Entities Affected: Businesses  Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: Yes 
Agency Contact:
Kelly Riley
Senior Special Counsel
Securities and Exchange Commission
100 F Street NE,
Washington, DC 20549
Phone:202 551-6772
Email: reileyke@sec.gov