SEC Cites Broker Systems Complexity in Rule 606 Delay

The delay pushes quarterly reporting requirements and reporting of self-routing activity to Jan. 1, 2020.


The US Securities and Exchange Commission (SEC) has bowed to pressure from industry bodies and delayed the compliance date for key reporting requirements of Rule 606 of Regulation NMS governing reporting of broker routing activity. The regulator says it is doing this to give brokers additional time to implement systems to track orders.

Last week, in response to an application from the Financial Information Forum and the Security Traders Association, the SEC granted an exemption effectively

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