Final Rule

Regulation ATS for ATSs That Trade U.S. Government Securities, NMS Stock, and Other Securities; Regulation SCI for ATSs That Trade U.S. Treasury Securities and Agency Securities; and Electronic Corporate Bond and Municipal Securities Markets

Public Comments

View Received Comments

Overview

The Securities and Exchange Commission (“Commission”) is formally withdrawing certain notices of proposed rulemaking issued between March 2022 and November 2023. The Commission does not intend to issue final rules with respect to these proposals. If the Commission decides to pursue future regulatory action in any of these areas, it will issue a new proposed rule.

Prior Actions

Title
Regulation ATS for ATSs That Trade U.S. Government Securities, NMS Stock, and Other Securities; Regulation SCI for ATSs That Trade U.S. Treasury Securities and Agency Securities; and Electronic Corporate Bond and Municipal Securities Markets
Release Number
34-90019
SEC Issue Date
Federal Register Publish Date
Document Citation

85 FR 87106

RIN
3235-AM45

Resources

Proposed Rule: SEC Issued Version (pdf 1.9 MB)
Proposed Rule: Federal Register Version
Press Release 2020-227
View Received Comments

Last Reviewed or Updated: June 24, 2025

Resources

Final Rule: SEC Issued Version (pdf 178.34 KB)
Final Rule: Federal Register Version

Details

File Number
S7-12-20
Rule Type
Final
Release Number
33-11377
34-103247
IA-6885
IC-35635
SEC Issue Date
Effective Date

The Commission is withdrawing the proposed rules published at 87 FR 45052 (July 27, 2022), 88 FR 53960 (August 9, 2023), 88 FR 14672 (March 9, 2023), 87 FR 13524 (March 9, 2022), 87 FR 36654 (June 17, 2022), 87 FR 68816 (November 16, 2022), 88 FR 41338 (June 26, 2023), 88 FR 76282 (November 6, 2023), 88 FR 5440 (January 27, 2023), 88 FR 128 (January 3, 2023), 88 FR 23146 (April 14, 2023), 88 FR 20212 (April 5, 2023), 87 FR 15496 (Mar. 18, 2022), and 85 FR 65990 (Oct. 16, 2020) as of June 17, 2025.

Federal Register Publish Date