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SEC | RIN: 3235-AN29 | Publication ID: Fall 2024 |
Title: Volume-Based Exchange Transaction Pricing for NMS Stocks | |
Abstract:
The Division is considering recommending that the Commission adopt a new rule under the Securities Exchange Act of 1934 to address concerns with national securities exchange volume-based transaction pricing in NMS stocks. The Commission proposed a new rule to prohibit national securities exchanges from offering volume-based transaction pricing in connection with the execution of agency-related orders in certain stocks. Additionally, the proposal would require the exchanges to disclose, on a monthly basis, certain information including the total number of members that qualified for each volume tier during the month. |
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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 |
CFR Citation: 17 CFR 240.6b-1 | |
Legal Authority: 15 U.S.C. 78b 15 U.S.C. 78c 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. 78q 15 U.S.C. 78s 15 U.S.C. 78w(a) 15 U.S.C. 78mm |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Richard Holley Division of Trading and Markets Securities and Exchange Commission 100 F Street NE, Washington, DC 20549 Phone:202 551-5614 Email: holleyr@sec.gov |