SEC Proposes Improvements to Regulation NMS

The SEC has issued a proposed rule, Regulation NMS: Minimum Pricing Increments, Access Fees, and Transparency of Better Priced Orders, that is intended “to enhance trading opportunities for all investors and to help ensure that orders placed in the national market system reflect the best prices available for all investors.”

Comments on the proposed rule are due 60 days after the date of its publication in the Federal Register or March 31, 2023, whichever is later.

For more information, see the press release and fact sheet, as well as statements by SEC Chair Gary Gensler and Commissioners Caroline Crenshaw, Jaime Lizárraga, Hester Peirce, and Mark Uyeda, on the SEC’s Web site.