file-o file-word file-excel file-powerpoint file-image file-archive file-audio file-movie file-code file-openoffice file-css menu googleplus facebook instagram twitter feed youtube vimeo2 lanyrd flickr picassa deviantart github wordpress blogger tumblr yahoo soundcloud skype linkedin lastfm delicious stumbleupon stackoverflow pinterest foursquare cross arrow-left arrow-down arrow-up arrow-right arrow-left2 arrow-down2 arrow-up2 arrow-right2 arrow-left3 arrow-down3 arrow-up3 arrow-right3 search

You are here

FIA PTG Supports SEC Proposal to Rescind Effective-Upon-Filing Procedure for NMS Plan Fee Amendments

FIA PTG Supports SEC Proposal to Rescind Effective-Upon-Filing Procedure for NMS Plan Fee Amendments

10 December 2019 8:00pm EST

December 10, 2019 – In a letter filed with the Securities and Exchange Commission (SEC) today, the FIA Principal Traders Group (FIA PTG) concurred with the SEC that the current effective-upon-filing procedure for NMS plan fee amendments should be rescinded and replaced with the standard fee amendment process which allows for public comment before becoming effective. Specifically, FIA PTG said most NMS Plan fees are assessed in connection with core data. Because many market participants, including most FIA PTG members as registered broker-dealers, must have access to core data to meet their regulatory obligations, it is important that they have the opportunity to comment on Proposed Fee Changes for core data before they are subject to the new fees. This will become even more critical with the implementation of the Consolidated Audit Trail (“CAT”).

The full letter is available here.

Advertisement
Advertisement

Close

Close

Menu

Menu

Back to FIA