6190. Compliance with Regulation NMS Plan to Address Extraordinary Market Volatility
A member that is a trading center in an NMS Stock shall establish, maintain and enforce written policies and procedures that are reasonably designed to comply with the requirements of the Regulation NMS Plan to Address Extraordinary Market Volatility (Plan) and specifically to prevent:
(a) the execution of trades at prices that are below the Lower Price Band or above the Upper Price Band for an NMS Stock, except as permitted under the Plan;
(b) the display of offers below the Lower Price Band and bids above the Upper Price Band for an NMS Stock; and
(c) the execution of trades in an NMS Stock during a Trading Pause; however, bids and offers may be displayed during a Trading Pause, as permitted under the Plan.
• • • Supplementary Material: --------------
.01 For purposes of this Rule, the following terms shall have the meanings as set forth in the Regulation NMS Plan to Address Extraordinary Market Volatility: "Lower Price Band," "NMS Stock," "trading center," "Trading Pause" and "Upper Price Band."
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Amended by SR-FINRA-2019-013 eff. Apr. 11, 2019. Adopted by SR-FINRA-2013-016 eff. April 8, 2013. Selected Notice: 13-12. |
- Regulatory Notice 18-25August 13, 2018
- Regulatory Notice 16-26July 29, 2016
- Regulatory Notice 16-19May 26, 2016
- Regulatory Notice 13-12March 06, 2013