Federal Register #Release No. 34-105136

SEC Regulatory Notice: Limited Exemptions Under Rule 605(b) of Regulation NMS

This notice from the Securities and Exchange Commission (SEC) addresses regulatory exemptions under Rule 605(b) of Regulation NMS: - Government Buyer: - Securities and Exchange Commission (SEC), a U.S. federal agency - Purpose and Scope: - Grants limited exemptions and modifies prior exemptions related to Rule 605, which governs the reporting of order execution quality statistics by market participants - Focuses on the treatment of non-marketable order types and orders affected by crossed markets - Aims to ensure more accurate and representative reporting of market data - OEMs and Vendors: - No Original Equipment Manufacturers (OEMs) or vendors are mentioned - Products/Services Requested: - No products or services are being procured; this is a regulatory action - Unique or Notable Requirements: - Clarifies compliance obligations for market participants regarding order execution quality reporting - No bids, proposals, or procurement actions are requested

Description

This notice from the Securities and Exchange Commission details an order granting limited exemptions under Rule 605(b) of Regulation NMS pursuant to the Securities Exchange Act of 1934. The order modifies and rescinds certain previously granted exemptions related to the reporting of order execution quality statistics. It addresses the treatment of non-marketable order types and orders affected by crossed markets, aiming to ensure accurate and representative reporting of market data.

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