SEC Proposes Extending Regulations ATS and SCI to Treasuries and Other Government Securities Markets
SEC Proposes Extending Regulations ATS and SCI to Treasuries and Other
Government Securities Markets
September 28, 2020
The SEC has issued a proposed
rule, Regulation ATS for ATSs that Trade U.S. Government
Securities, NMS Stock, and Other Securities; Regulation SCI for ATSs that Trade
U.S. Treasury Securities and Agency Securities; and Electronic Corporate Bond
and Municipal Securities Markets. The proposal would require “Government
Securities ATSs to file comprehensive public disclosures on new FORM ATS-G” and to
apply the “provisions to ATSs that meet certain trading volume thresholds in U.S.
Treasury securities or agency securities” to Regulation SCI.