35 rows · 2/7/2019 · A Form ATS-N amendment may be declared ineffective if the Commission finds that such action is necessary or appropriate in the public interest, and is consistent with the protection of investors. In addition, the Commission may suspend for a period not exceeding twelve months, limit, or revoke an NMS Stock ATS’s exemption from the definition of “exchange” pursuant to Rule 3a1-1(a)(2).
we are adopting new Form ATS-N, which will require NMS Stock ATSs to disclose information about their manner of operations, the broker-dealer that operates the ATS (“broker-dealer operator”), and the ATS-related activities of the broker-dealer operator and its affiliates.
1. Is the organization, association, Person, group of Persons, or system filing the Form ATS-N a broker-dealer registered with the Commission? c Yes c No 2. Full name of registered broker-dealer of the NMS Stock ATS (“Broker-Dealer Operator”) as stated on Form BD: 3. Full name(s) of NMS Stock ATS under which business is conducted, if …
7/18/2018 · SEC Open Meeting. July 18, 2018. Action. The Securities and Exchange Commission adopted new Form ATS-N and amendments to Regulation ATS and Exchange Act Rule 3a1-1 to enhance transparency and oversight of alternative trading systems (ATSs) that trade stocks listed on a national securities exchange (NMS Stock ATSs).
On July 18, 2018, the Securities and Exchange Commission (the “SEC” or the “Commission”) voted unanimously to adopt a new Form ATS-N and amendments to Regulation ATS (the “Final Reg. ATS Amendments”) in order to enhance operational transparency and regulatory oversight of alternative trading systems (“ATSs”) that trade NMS Stock, as defined in …
8/7/2018 · By adopting Rule 304 and Form ATS-N, we believe it has addressed concerns raised by NMS Stock ATSs, as discussed above and in the Proposal, but that applying Rule 304 to the non-NMS Stock ATS operations of ATSs that trade both NMS stocks and non-NMS stocks would impose unequal regulatory burdens across ATSs that transact in non-NMS stocks.
9/12/2018 · In adopting the rule, the Commission added “incomplete” to ensure that “market participants have access to accurate, current, and complete disclosures on Form ATS-N. ” Adopting Release …
8/15/2018 · The adopting release further states that an NMS Stock ATS will have the opportunity to be heard before the Commission declares its Form ATS-N ineffective and that if Form ATS-N is declared …
Form ATS-N Effective Jan. 7, 2019, an operator of an NMS stock ATS will be required to use Form ATS-N. All Form ATS-N filings will be subject to SEC review and, once effective, will be made publicly available. Importantly, Form ATS-N will only apply to ATSs that effect transactions in.
First, the Commission is proposing to amend Regulation ATS to adopt Form ATS-N to provide information about the broker-dealer that operates the NMS Stock ATS (“broker-dealer operator”) and the activities of the broker-dealer operator and its affiliates in connection with the
