#2026-05401Publication or Submission of Quotations Without Specified Information
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The proposed rule by the Securities and Exchange Commission aims to amend existing regulations related to the information that brokers and dealers are required to gather and submit before they can initiate or resume quotations for securities in quotation mediums that are not national exchanges. The revision will specifically apply only to equity securities, streamlining the process for these types of securities by removing unnecessary information obligations. This change is expected to facilitate easier access for brokers and dealers when dealing with equity securities outside national exchanges.
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Action
Proposed rule.
Key Changes
- Revision of the rule to apply only to equity securities.
- Removal of unnecessary information obligations for initiating quotations.
- Streamlining the process for brokers and dealers in non-national exchange situations.
Obligations
What this law requires
Brokers and dealers must gather specified information before initiating quotations for equity securities in quotation mediums other than national securities exchanges
Brokers and dealers must submit required information before initiating quotations for equity securities in quotation mediums other than national securities exchanges
Brokers and dealers must satisfy information review requirements before resuming any quotation for equity securities in quotation mediums other than national securities exchanges
The information gathering and submission requirements apply only to equity securities, excluding other security types