The Securities and Exchange Commission has extended the compliance dates for amendments to Rule 606 of Regulation National Market System (NMS) that were adopted in November 2018.
The amendments to Rule 606 require specific additional disclosures for broker-dealers, including disclosure upon customer request of information relating to a customer’s NMS stock orders submitted on a not held basis. The amendments also include public quarterly disclosure of information relating to NMS stock orders submitted on a held basis.
The SEC has extended the compliance date for these amendments to September 30, meaning that the new requirements will apply to trades occurring on or after October 1. The SEC previously set the compliance date as May 20.
The SEC’s compliance date amendment is available here.