FIF - Regulation NMS Implementation Resources

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Regulation NMS Implementation Resources

The SIFMA/FIF Regulation NMS Implementation Working Group tracked Regulation NMS implementation at the industry level. The following links point to Regulation NMS related filings and specifications. Please check the source websites (SEC, SRO, etc.) for the most current information.

Last updated: June 25, 2007

Reg NMS Related Filings
Additional Links by Entity (SEC, SROs, SIPs)

Reg NMS Related Filings
SEC	SEC Spotlight on Regulation NMS
AMEX	Notice of SR-Amex-2006-072 - AEMI-One Proposal, Amendment #1 (9/7/06) Order Approving SR-Amex-2005-104 - AMEX Hybrid Filing Amendment #6 (9/26/06) Order Approving SR-Amex-2006-072 - AEMI-One Proposal, Amendment #3 (11/3/06) SR-AMEX-2006-89: AEMI Depth of Book Feed Pricing Filing (11/17/06) SR-AMEX-2006-111: Related to Odd-lot Rejects from Away Markets (12/4/06) SR-AMEX-2006-105: Related to Fees for Routing Orders via Private Linkage (12/6/06) SR-AMEX-2007-08: Passive Price Improvement Filing (1/19/07)
BSE (BeX)	Approval Order of SR-BSE-2006-22 to Implement the Boston Equities Exchange ("BeX") Trading System, Amendment #5 (8/25/2006) Approval Order of SR-BSE-2006-20 to Create Boston Equities Exchange ("BeX"), Amendment #5 (8/25/06) Approval Order for SR-BSE-2006-30 to Implement Second Phase of BeX and Meet Reg NMS Requirements, Amendment #2 (9/29/06) SR-BSE-2006-44, Immediate Effectiveness of Fee Schedule Changes (11/20/06)
CBOE (CBSX)	Approval Order for SR-CBOE-2006-70, Amendment #1 to Adopt Rules Relating to Regulation NMS (9/27/06) Approval Order for SR-CBOE-2004-21 to Establish Rules for a Screen-Based Trading System for Non-option Securities, Amendment #2 (9/11/06) Dec 20, 2006: SR-CBOE-2006-107: Notice of Filing of Proposed Rule Change Regarding a Permit Program for CBSX
CHX	Oct 23, 2006: Notice of Filing of SR-CHX-2006-30 to to Permit Routing from the Matching System to a Destination Selected by a Participant Sept 29, 2006: Order Approving SR-CHX-2006-05 to Establish New Trading Model, Amendment #2 (NTM) Nov 30, 2006: SR-CHX-2006-34: To operate a service that allows its participants to route orders to any other destination connected to the CHX’s network Nov 30, 2006: SR-CHX-2006-35: Immediate Effectiveness of Fee Changes Dec 12, 2006: SR-CHX-2006-36: Immediate Effectiveness of Fee Changes related to Exchange's WAN Dec 19, 2006: SR-CHX-2006-30: Order Approving Rule to provide routing services to destinations selected by the order-sending participant
ISE	Approval Order for SR-ISE-2006-48 to Address Reg NMS Requirements;Additional materials for this filing: Amendment No. 1 (9/28/06) Approval Order for SR-ISE-2006-45 to Establish ISE Stock Exchange, Amendment #1 (9/1/06) Dec 8, 2006: SR-ISE-2006-76: Revised Fee Schedule Dec 8, 2006: SR-ISE-2006-68: Allow Execution of In-bound ISOs Pre-Feb 5 and clarify ISO handling post-Feb 5
NASD ADF	Approval Order for SR-NASD-2006-91 to Align NASD Rules with Reg NMS Requirements, Amendment #3 (9/28/06) Additional Materials:Amendment No. 3
NASD TRF	Notice of Filing of SR-NASD-2006-115 Relating to New TRF Established with BSE (10/12/06) Order Approving SR-NASD-2006-108 Relating to New TRF Established with NSX for Nasdaq-Listed Securities (11/6/06) Notice of Filing of SR-NASD-2006-108 Relating to New TRF Established with NSX for Nasdaq-Listed Securities (9/21/06) See also:Limited Liability Company Agreement of NASD/NSX Trade Reporting Facility LLC Approval Order of SR-NASD-2005-087 Approving NASD Rules for NASD/Nasdaq TRF, Amendment #1 (6/30/06) Dec 11, 2006: SR-NASD-2006-129: Rule Change regarding Special Indicator for Away from the Market Sales
Nasdaq	Approval Order of SR-NASDAQ-2006-001 Nasdaq SingleBook Filing, Amendment #3 (7/14/06) Notice of Immediate Effectiveness of SR-NASDAQ-2006-027 to Modify the Date for Compliance With Regulation NMS (8/3/06) Oct 17, 2006: SR-NASDAQ-2006-043: Immediate Effectiveness of Rule Change to Nasdaq SingleBook Operations
NSX	Approval Order of SR-NSX-2006-08 to Establish Automatic Execution Trading Model, Amendment #3 (8/31/06); Commentsavailable Nov 21, 2006: SR-NSX-2006-15: Immediate Effectiveness of Rule Change Regarding Third Party Routing Services Nov 30, 2006: SR-NSX-2006-13: Immediate Effectiveness of Revised Fee Schedule Dec 14, 2006: New fee schedules for transactions through NSX Blade and ITS
NYSE	Nov 27, 2006: SR-NYSE-2006-65: Order approving full NYSE Hybrid Market Roll-Out Dec 11, 2006: SR-NYSE-2006-108: Immediate Effectiveness of Rule Change to Amend Linkage Fee Dec 11, 2006: SR-NYSE-2006-110: Relating to Retroactive Increase in Linkage Fee Accelerated Approval of SR-NYSE-2006-82 Relating to a Pilot Until 10/31/06 to Implement Rules Pending Before the SEC for NYSE Hybrid Phase 3 (10/5/06) SR-NYSE-2006-83 Proposal to amend Rule 13 regarding Regulation NMS compliant IOC and At the Close orders (On NYSE site 10/5/06) Notice of Filing and Immediate Effectiveness of SR-NYSE-2006-63 Locked/Crossed Rules for NMS Stocks (10/2/06) Notice of Filing of SR-NYSE-2006-65 Relating to Exchange Rules Governing Certain Definitions, Systemic Processing of Certain Orders, and the Implementation Schedule of NYSE Hybrid Market, Amendment #3 (9/27/06) Approval Order of SR-NYSE-2004-05 - NYSE Hybrid (3/22/06)
NYSE Arca	Approval Order of SR-NYSE-2006-59 to Conform with Regulation NMS, Amendment #1 (9/29/06) Nov 1, 2006: Immediate effectiveness of Equity Transaction Fee
PHLX	Approval Order of SR-PHLX-2006-60 to a Proposed Rule Change Relating to NMS Linkage and PHLX's Covered Sale Fee (10/2/06) Approval Order of SR-PHLX-2006-43 to Establish New Equity Trading System, XLE (9/28/06)Comments are available. Nov 20, 2006: SR-PHLX-2006-77: Allow ISO Executions pre-Feb 5 and clarify ISO handling post-Feb 5 Dec 14, 2006: SR-PHLX-2006-70: Fee Schedule for Trading Equities on XLE Jan 5, 2007: SR-PHLX-2006-70: PHLX to accept IOC Cross Orders marked as Benchmark or Contingent Trade, pre-Trading Phase

Additional Links by Entity

SEC (Click for SEC Spotlight on Regulation NMS)	Jan 8, 2007: NYSE Petition for Regulation NMS Delay Nov 6, 2006: Exemption on Compliance with the Sub-Penny Rule for Cross Transactions October 31, 2006: SEC Response to OPR/Access FAQs, #2 October 31, 2006: Order Exempting Certain Sub-Penny Trade-Throughs from Rule 611 of Regulation NMS August 31, 2006: Order Granting Contingent Trade Exemption May 18, 2006: Regulation NMS: Extension of Compliance Dates May 18, 2006: Exemption on Compliance with Market Data Rule January 27, 2006: SEC Staff response on OPR/Access FAQs October 21, 2005: SEC staff response on Sub-Penny FAQs (Reg NMS Rule 612) June 9, 2005: Regulation NMS Final Ruling from the SEC June 9, 2005: Dissenting Comments on Final Ruling from the SEC
Self Regulatory Organizations
AMEX	AMEX Filings on SEC Website AMEX Filings on AMEX Website
BSE (BeX)	Boston Equities Exchange Website BSE Filings on SEC Website BSE Filings on BSE Website
CBOE (CBSX)	CBOE Filings on SEC Website CBOE Filings on CBOE Website
CHX	CHX Filings on SEC Website CHX Filings on CHX Website
ISE	ISE Filings on SEC Website ISE Filings on ISE Website
Nasdaq	Nasdaq Filings on SEC Website Nasdaq Filings on Nasdaq Website Nasdaq SingleBook Integration Site
NSX	NSX Filings on SEC Website NSX Filings on NSX Website
NYSE	NYSE Filings on SEC Website NYSE Filings on NYSE Website
NYSE Arca	NYSE Arca Filings on SEC Website NYSE Arca Filings on NYSE Arca Website
PHLX	PHLX Filings on SEC Website PHLX Filings on PHLX Website
SIPS/NMS Plans
NMS Linkage	NMS Related Filings on SEC Website Approval Order of File no. 4-524: NMS Linkage Plan (9/29/06) Notice of File no. 4-524: NMS Linkage Plan (7/28/06)