Search

Regulation Filing Applications

Home > Regulatory Systems > Regulation Filing Applications > Rule 605 & 606 Questionnaires
Printer-Friendly Last Updated: 4/5/08 SEC Rules 605 and 606 Questionnaires

SEC Rule 605

In November 2000, the Securities and Exchange Commission ("SEC") adopted Exchange Act Rule 605 (formerly 11Ac1-5), which requires "market centers" that trade national market system securities to make available standardized, monthly reports containing statistical information about "covered order" executions. Rule 605 is intended to promote visibility and competition in order execution quality, particularly with respect to execution price and speed. The rule requires, among other things, that the reports be prepared in an electronic format available for downloading from an Internet Web site that is free and readily accessible to the public. The SEC Rule 605 Questionnaire is being utilized by the staff of the Department of Market Regulation of FINRA to collect information from member firms regarding their compliance with the rule.

Access the SEC Rule 605 Questionnaire.

SEC Rule 606

In November 2000, the Securities and Exchange Commission ("SEC") adopted Exchange Act Rule 606 (formerly 11Ac1-6), which requires broker/dealers that route customer orders in national market system securities and listed options to make publicly available quarterly reports that disclose venues to which they route non-directed orders. The rule also requires broker/dealers to disclose the nature of any relationship they have with those venues, including payment for order flow arrangements. The SEC Rule 606 Questionnaire is being utilized by the staff of the Department of Market Regulation of FINRA to collect information from member firms regarding their compliance with the rule.

Access the SEC Rule 606 Questionnaire.

If you have problems using these questionnaires, please contact the FINRA Help Desk at (800) 321-6273.