Views
3 years ago

Table of Contents - Practising Law Institute

Table of Contents - Practising Law Institute

BROKER-DEALER REGULATION

BROKER-DEALER REGULATION § 18:6 Regulation NMS ......................................................... 18-41 § 18:6.1 Generally............................................................. 18-41 § 18:6.2 Order Protection Rule ......................................... 18-42 [A] Generally ............................................................ 18-42 [B] Definitions.......................................................... 18-43 [C] Requirements ...................................................... 18-45 [D] Exceptions........................................................... 18-45 [D][1] Self-Help Exception.......................................... 18-45 [D][2] Intermarket Sweep Order Exception................ 18-46 [D][3] Exception for Flickering Quotes....................... 18-46 [D][4] Exception for Single-Price Openings, Reopenings, and Closing Transactions ............ 18-46 [D][5] Exception for Benchmark Trades ..................... 18-47 [D][6] Exception for Stopped Orders .......................... 18-47 [D][7] Exception for Other Than “Regular-Way” Contracts ......................................................... 18-47 [D][8] Exception for Crossed Quotations ................... 18-47 [D][9] Exemption for Certain Sub-Penny Trade-Throughs................................................ 18-47 [D][10] Exemption for Contingent Trades.................... 18-48 [D][11] Exemption for Print Protection Transactions..................................................... 18-49 [D][12] Exemption for Error Correction [D][13] Transactions..................................................... 18-49 Exemption for Non-Convertible Preferred Securities ......................................................... 18-50 [E] Compliance......................................................... 18-50 § 18:6.3 Access Rule ......................................................... 18-51 [A] Generally ............................................................ 18-51 [B] Fair and Non-Discriminatory Access.................. 18-52 [C] Access Fees.......................................................... 18-52 [D] Locked and Crossed Quotations ......................... 18-52 [E] Regulation ATS Fair Access Requirements ......... 18-53 § 18:6.4 Sub-Penny Rule................................................... 18-53 § 18:6.5 Rule 602—Quote Rule ........................................ 18-54 § 18:6.6 Rule 604—Limit Order Display Rule.................. 18-57 § 18:6.7 Rule 605—Disclosure of Order Execution Information......................................................... 18-59 § 18:6.8 Rule 606—Disclosure of Order Routing Information......................................................... 18-61 § 18:7 Sponsored Access........................................................ 18-64 § 18:7.1 Access to Exchange Systems by Non-Members..................................................... 18-64 lxxxviii

§ 18:7.2 Exchange Act Rule 15c3-5 .................................. 18-65 [A] General Requirement.......................................... 18-65 [B] Definition of Market Access ............................... 18-66 [C] Regulatory Requirements and [D] Financial Risk ..................................................... 18-66 Restriction on Delegation of Risk Management Functions ...................................... 18-67 [D][1] Allocation of Regulatory Risk Controls ........... 18-67 [D][2] Regular Review of Controls and Procedures .... 18-67 § 18:7.3 SRO Sponsored Access Rules .............................. 18-68 § 18:8 Dark Pools .................................................................. 18-68 § 18:8.1 Generally............................................................. 18-68 § 18:8.2 Dark Pool Proposal ............................................. 18-70 [A] Indications of Interest......................................... 18-70 [B] Display Obligations Under Regulation ATS ....... 18-71 [C] Consolidated Trade Data .................................... 18-71 § 18:8.3 Regulatory Concerns........................................... 18-71 [A] Transparency....................................................... 18-72 [B] Indications of Interest and Quotations............... 18-73 [B][1] Use of IOIs ...................................................... 18-73 [B][2] The Quote Rule ............................................... 18-73 [B][3] Regulation ATS Requirements ......................... 18-75 [B][4] Table of Contents Recent SEC Staff Comments Concerning IOIs and Orders............................................... 18-77 [C] Price Discovery Considerations .......................... 18-77 [D] Fair Access to Dark Pools ................................... 18-77 [E] Fragmentation..................................................... 18-78 Chapter 18A Short Selling Kay A. Gordon § 18A:1 Definition of Short Selling..........................................18A-1 § 18A:2 History of Short Selling ..............................................18A-2 § 18A:3 Recent Developments .................................................18A-6 § 18A:4 Current Regulation: The New Uptick Rule ..............18A-10 § 18A:4.1 Background.....................................................18A-10 § 18A:4.2 Trigger Level ...................................................18A-11 § 18A:4.3 Price Restrictions ............................................18A-12 § 18A:4.4 Covered Securities ..........................................18A-13 § 18A:4.5 A Policies and Procedures Approach...............18A-15 § 18A:4.6 Exceptions: Executing Short Sales While “Circuit Breaker” Price Restriction In Effect...18A-18 § 18A:4.7 SEC Goals and Criticisms..............................18A-21 (Broker-Dealer Reg., Rel. #3, 5/13) lxxxix

Coverage List - Practising Law Institute
Help Menu - Discover PLUS - Practising Law Institute
PLI's Patent Bar - Practising Law Institute
Practising Law Institute 14th Annual Real Estate Tax Forum UPREIT ...
Practising Law Institute's Understanding Insurance ... - Reed Smith
Practising Law Institute - Seyfarth Shaw LLP
Practising Law Institute CLE Program Current ... - Reed Smith
TABLE OF CONTENTS - Securities Commission of the Bahamas
Table of Contents
Table of Contents - The Center for International Environmental Law
Table of Contents - TradeMotion.com
Table Of Contents - International Institute for Building Biology and ...
Table of contents - Food Marketing Institute
table of contents - SUNY Institute of Technology
Table Of Contents - International Institute for Building Biology and ...
From False Claims Act to FIRREA - Practising Law Institute
Table of Contents - HNX
TABLE OF CONTENTS - Kenora.ca
Slides - Food and Drug Law Institute
Table of contents - Johns Hopkins Medical Institutions
Table of Contents - D-Link
Table Of Contents - International Institute for Building Biology ...