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ARTICLE · 16 JUNE 2017

SEC Extends Exemptive Relief From Regulation NMS Sub-Penny Rule

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The SEC extended exemptive relief to NYSE, NYSE MKT and NYSE Arca (collectively, the "Exchanges") from the minimum pricing increment requirements of Rule 612 of Regulation NMS.

United StatesFinance and Banking
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The SEC extended exemptive relief to NYSE, NYSE MKT and NYSE Arca (collectively, the "Exchanges") from the minimum pricing increment requirements of Rule 612 of Regulation NMS. Originally set to expire on June 30, 2017, the relief allows the Exchanges to accept and rank certain "retail" orders in listed stocks in sub-penny increments as part of the Exchanges' respective Retail Liquidity Programs. The exemptive relief now will be extended to December 31, 2017.

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