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MFDF - Mutual Fund Directors Forum - May 26 SEC Open Meeting

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May 26 SEC Open Meeting

The SEC will hold an open meeting tomorrow to consider amendments to Regulation NMS as well as amendments to the Exchange Act pertaining to municipal securities disclosures.  Specifically, the Commission will consider: 

Item 1: The Commission will consider whether to propose new Rule 613 of Regulation NMS that would require national securities exchanges and national securities associations to act jointly in developing a national market system plan to create, implement, and maintain a consolidated audit trail that would capture customer and order event information, mostly in real time, for all orders in NMS securities, across all markets, from the time of order inception through routing, cancellation, modification, or execution.
Item 2: The Commission will consider a recommendation to adopt amendments to Rule 15c2-12 under the Securities Exchange Act of 1934, a rule pertaining to municipal securities disclosure. The Commission will also consider related interpretive guidance to assist brokers, dealers and municipal securities dealers in meeting their obligations under the antifraud provisions of the federal securities laws.

The meeting is scheduled to begin at 10:00 AM at the SEC's Washington, DC headquarters, located at 100 F Street NE.  The meeting is open to the public, and will be webcast live via a link on the Commission's website,

The Sunshine Act notice for this meeting may be viewed at: