Regulatory Alerts2022-12-29 | 2022-27616Added
Regulation NMS: Minimum Pricing Increments, Access Fees, and Transparency of Better Priced Orders
The Securities and Exchange Commission proposes amendments to Regulation NMS to adopt variable minimum pricing increments for NMS stocks, reduce access fee caps, and enhance transparency of better priced orders. The proposal aims to update market structure rules adopted in 2005 by allowing sub-penny pricing for tick-constrained stocks and requiring that all exchange fees and rebates be determinable at the time of execution. Additionally, the Commission seeks to accelerate the dissemination of round lot and odd-lot information to improve investor access to the best priced quotations available in the national market system.
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