Regulatory Alerts2019-04-30 | 2019-08675Added
Disclosure of Order Handling Information
The Securities and Exchange Commission extends the compliance date for amended Rule 606 of Regulation NMS to October 1, 2019, granting broker-dealers additional time to implement necessary systems and business process changes. This final rule delays the requirement for broker-dealers to collect and disclose specific order routing and execution information until after September 30, 2019, while maintaining the May 20, 2019 compliance date for Rule 605 amendments. The extension addresses industry concerns regarding the technical feasibility of meeting the original deadline and aims to ensure orderly implementation of enhanced transparency requirements.
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