*Letters

Regulation NMS, Prepares Order Routing Disclosure Template

Published on:
October 23, 2014
Issue:
Committee:

SIFMA, the Investment Company Institute (ICI), and Managed Funds Association (MFA) (collectively, the associations) wrote a letter to the Securities and Exchange Commission (SEC) in support of efforts to improve the transparency of the equity markets.

Additionally, the associations prepared an order routing disclosure template for the minimum disclosure of order routing and execution quality information that institutional investors could request from their broker-dealers.

The associations hope the template will inform any potential rulemaking by the SEC staff as it prepares a recommendation for a rule that would require, upon institutional investor request, disclosure of useful, reliable, and uniformly available customer-specific order routing information.

Related Material 

Order Routing Disclosure Template 

SIFMA’s Cross Product Standard Forms and Documentation Library 

Details

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