SEC Division of Trading and Markets no-action letter: Rule 15c2-11 Fixed Income No-Action Letter to FINRA

The Division of Trading and Markets will not recommend enforcement action under the amended Rule 15c2-11 for brokers or dealers publishing or submitting quotations for fixed income securities if they determine the security meets specific criteria in Appendix A or if current and publicly available financial information exists. This position also applies to foreign sovereign debt and debt securities guaranteed by a foreign government. The no-action position is temporary and expires on January 4, 2025, and the December 2021 Letter is withdrawn.

SEC published 7 documents in the last 30 days — get each new one by email the day it lands.

November 30, 2022
Ms. Racquel Russell
Senior Vice President and
Director of Capital Markets Policy
Office of General Counsel
Financial Industry Regulatory Authority, Inc.
1735 K Street, NW
Washington, DC 20006
Re: Amended Rule 15c2-11 in Relation to Fixed Income Securities Dear Ms. Russell:
On December 16, 2021, the staff of the Division of Trading and Markets (“Division”) issued a no-action letter stating that the staff would not recommend enforcement action to the Securities and Exchange Commission (“Commission”) under the amendments to Rule 15c2-11 (“Amended Rule”)1 under the Securities Exchange Act of 1934 (“Exchange Act”) for brokers or dealers that publish or submit quotations, including continuous quotations, in a quotation medium, for fixed income securities under certain scenarios, in order to allow for an orderly and good faith transition into compliance with the Amended Rule.

Read the rest free, and get an email when SEC publishes again

Email me when SEC publishes something newOne email per publication, same day. Sign in below to keep reading.

Lineage: In force

amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Source: Securities and Exchange Commission — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works