Extension of Compliance Date for Rule 612, the Sub-Penny Rule, of Regulation NMS
FOR IMMEDIATE RELEASE
Washington, D.C., Aug. 2, 2005 Today the Commission extended the compliance date for Rule 612 of Regulation NMS, the Sub-Penny Rule. Rule 612 will prohibit market participants from submitting quotations or orders in NMS stocks in increments below $0.01, except that quotations or orders priced less than $1.00 may be priced in increments as small as $0.0001. The Regulation NMS Adopting Release established a compliance date of Aug. 29, 2005 for Rule 612. By its action today, the Commission extended the compliance date for Rule 612 until Jan. 31, 2006.
Additional materials: Final rule; Release No. 34-52196