United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2006_register executive 2010-09-22 article Part IV Rules and Regulations D09002ee1c80f66ab D09002ee1c80f67d9 United States Securities and Exchange Commission originator org United States Government Agency or Subagency The Commission is extending the compliance dates for Rule 610 and Rule 611 of Regulation NMS under the Securities Exchange Act of 1934 ("Exchange Act"). Rule 610 requires fair and non-discriminatory access to quotations, establishes a limit on access fees, and requires each national securities exchange and national securities association to adopt, maintain, and enforce written rules that prohibit their members from engaging in a pattern or practice of displaying quotations that lock or cross protected quotations. Rule 611 requires trading centers to establish, maintain, and enforce written policies and procedures reasonably designed to prevent the execution of trades at prices inferior to protected quotations displayed by other trading centers, subject to an applicable exception. The Commission is extending the compliance dates to give automated trading centers additional time to finalize development of their new or modified trading systems, and to give the securities industry sufficient time to establish the necessary access to such trading systems. 71 FR 30038 https://www.govinfo.gov/app/details/FR-2006-05-24/06-4797 06-4797 fr24my06-17 8010-01-P Release No. 34-53829 File No. S7-10-04 https://www.govinfo.gov/app/details/FR-2006-05-24/06-4797 https://www.govinfo.gov/content/pkg/FR-2006-05-24/html/06-4797.htm https://www.govinfo.gov/content/pkg/FR-2006-05-24/pdf/06-4797.pdf 4 p. 30038 30041 71 FR 30038 Title 17 Part 242 17 CFR Part 242 Regulation NMS; Federal Register Vol. 71, Issue RULE 06-4797 IV SECURITIES AND EXCHANGE COMMISSION 2005-08-29 2006-06-29 Release No. 34-53829 File No. S7-10-04 8010-01-P 06-4797 Final rule; extension of compliance dates.

The Commission is extending the compliance dates for Rule 610 and Rule 611 of Regulation NMS under the Securities Exchange Act of 1934 ("Exchange Act"). Rule 610 requires fair and non-discriminatory access to quotations, establishes a limit on access fees, and requires each national securities exchange and national securities association to adopt, maintain, and enforce written rules that prohibit their members from engaging in a pattern or practice of displaying quotations that lock or cross protected quotations. Rule 611 requires trading centers to establish, maintain, and enforce written policies and procedures reasonably designed to prevent the execution of trades at prices inferior to protected quotations displayed by other trading centers, subject to an applicable exception. The Commission is extending the compliance dates to give automated trading centers additional time to finalize development of their new or modified trading systems, and to give the securities industry sufficient time to establish the necessary access to such trading systems.

The effective date for Rule 610 and Rule 611 remains August 29, 2005. The initial compliance date for Rule 610 and Rule 611 has been extended from June 29, 2006 to a series of five dates, beginning on October 16, 2006, for different functional stages of compliance that are set forth in section II.A of this release. The effective date for this release is May 24, 2006. Raymond Lombardo, Special Counsel, at (202) 551-5615, or David Liu, Attorney, at (202) 551-5645, Division of Market Regulation, Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549-6628. Securities: National market system; joint industry plans; amendments, http://www.amex.com http://www.bostonstock.com http://www.chx.com http://www.nasdaq.com http://www.nyse.com Vol. 71, no. 100 Office of the Federal Register, National Archives and Records Administration 2006-05-24 continuing daily deposited born digital 299 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2006-05-24 P0b002ee18095e3c0 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr24my06 https://www.govinfo.gov/app/details/FR-2006-05-24 https://www.govinfo.gov/content/pkg/FR-2006-05-24/pdf/FR-2006-05-24.pdf https://www.govinfo.gov/content/pkg/FR-2006-05-24/xml/FR-2006-05-24.xml fdlp 29757 30046 DGPO 2010-09-22 2024-06-06 FR-2006-05-24 machine generated eng FR FR-2006-05-24 71 100