SEC Proposes Rescinding Regulation NMS Rules 611 and 610(e)
The SEC has proposed rescinding Rule 611 and subparagraph (e) of Rule 610 under Regulation NMS, aiming to reduce costs and let competition and innovation drive US equity market evolution.
The US Securities and Exchange Commission (SEC) has put forward a proposal to rescind Regulation NMS Rules 611 and 610(e).
The move is intended to lower regulatory costs and allow competition, innovation, and other market forces to shape the development of US equity markets.
The proposal marks a significant shift in market structure regulation, though full details and a timeline for potential implementation have not yet been released.
Source: Cointelegraph