*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

Download

More Content

  • Amicus Briefs
    Oct 05, 2026

    In re The Boeing Company Securities Litigation

  • Letters
    Oct 05, 2026

    Reducing Duplicative Regulation and Expanding Exemptions for Commodity Pool Operators and Commodity Trading Advisors

    SIFMA AMG comments on CFTC proposals to reduce duplicative regulation for certain CPOs and CTAs and account for inflation.
  • Letters
    Sep 30, 2026

    Proposed Rule Change to Amend FINRA Rules 0150, 2165, 4512 and to Adopt FINRA Rule 2166

    SIFMA Comments to SEC in support of the proposed rule changes to improve the utilization of Rules 2165 and 4512, as well as the new Rule 2166 to allow for a temporary delay for suspected fraud.

Get the latest trends, stats, and research on financial markets and securities.