17 Jun 2025
📈Proposed Amendments to Rule 605 of Regulation NMS and Business Impact
Joint Industry Plan; Notice of Filing of Amendment to the National Market System Plan Establishing Procedures Under Rule 605 of Regulation NMS To Reflect Recent Amendments to Rule 605 of Regulation NMS
Summary
The Securities and Exchange Commission announces proposed amendments to the National Market System Plan under Rule 605 of Regulation NMS, aiming to modernize execution quality reporting. These changes will include expanded reporting for multiple entities, updated data fields, and the introduction of new summary reports to enhance market transparency and compliance.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed amendments to Rule 605 of Regulation NMS involve significant updates that expand reporting requirements for brokers and dealers, impacting compliance and operational protocols. Business entities in the securities market will need to adjust to increased reporting obligations, enhancing transparency in execution quality.