• Jan
  • 27
  • 2006
  • 4:51 PM

SEC Market Reg staff publishes FAQs on Rules 610 and 611 of Reg. NMS

By: Ray Pellecchia
File Under: NYSE

"The staff of the Division of Market Regulation today published responses to frequently asked questions concerning Rule 611 and Rule 610 of Regulation NMS. Regulation NMS was adopted by the Commission on April 6, 2005, and is a series of initiatives designed to modernize and strengthen the national market system for equity securities.

"Rule 611 provides intermarket price priority for displayed and accessible quotations while Rule 610 addresses access to markets. The responses jointly address Rule 611 and Rule 610 because the price priority and access issues arising under the two rules often are intertwined." -- SEC news release

Here's link to the guidance:
http://www.sec.gov/divisions/marketreg/rule611faq.pdf

Here's link to the news release:
http://www.sec.gov/news/press/2006-12.htm

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