Data / Federal rules / 2026-12163
The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS
The Securities and Exchange Commission published this proposed rule in the Federal Register on June 17, 2026. Comments closed on August 17, 2026.
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What the agency says
The Securities and Exchange Commission ("Commission" or "SEC") is proposing amendments to Regulation NMS ("Regulation NMS") under the Securities Exchange Act of 1934 ("Exchange Act"). The proposed amendments would rescind the trade-through rule for NMS stocks, the provision regarding locking and crossing quotations for NMS stocks, and certain defined terms. The proposed amendments would also make conforming changes to other related provisions.
Key facts
- Document number
- 2026-12163
- Type
- Proposed rule
- Action
- Proposed rule
- Agency
- Securities and Exchange Commission
- Published
- June 17, 2026
- Comments due
- August 17, 2026
- Dates
- Comments should be received on or before August 17, 2026.
- Docket
- Release No. 34-105655; File No. S7-2026-20
- Regulation ID (RIN)
- 3235-AN50
- Code of Federal Regulations
- 17 CFR 240; 17 CFR 242
- Topics
- Brokers; Reporting and recordkeeping requirements; Securities
- Significant
- Yes, under Executive Order 12866
- Pages
- 80
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Everything from the Securities and Exchange Commission · Rules on brokers · Rules on reporting and recordkeeping requirements · Rules on securities · Published in June 2026
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.