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5150. Exemption From Regulation NMS-Related Trade Reporting Requirements

This rule is no longer applicable. NASD Rule 5150 has been superseded by FINRA Rule 6183. Please consult the appropriate FINRA Rule.

Pursuant to the Rule 9600 Series, the staff for good cause shown after taking into consideration all relevant factors, may exempt, subject to specified terms and conditions, a member from the requirements under NASD Rules to report the applicable trade report modifiers related to SEC Rule 611 of Regulation NMS under the Act, if such exemption is consistent with the protection of investors and the public interest. The duration of any exemption granted pursuant to this Rule shall be determined by NASD and shall not exceed a period of six months. NASD intends to exercise the exemptive authority herein on a temporary basis and as such, this rule will automatically sunset one year after the Pilot Stocks Phase Date, currently scheduled to occur on July 9, 2007.


Adopted by SR-NASD-2007-032 eff. May 10, 2007.