2020-28700: Notice of Proposed Conditional Exemptive Order Granting a Conditional Exemption From the Information Review Requirement and the Recordkeeping Requirement Under the Securities Exchange Act of 1934 for Certain Publications or Submissions of Broker-Dealer Quotations on an Expert Market
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Pursuant to Section 36(a)(1) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 15c2-11 under the Exchange Act (as published in the Federal Register on October 27, 2020, "Amended Rule 15c2-11" or the "Amended Rule"), the Securities and Exchange Commission (the "SEC" or the "Commission") is proposing to grant exemptive relief, subject to certain conditions, to permit broker- dealers to publish or submit proprietary quotations for securities, on a continuous basis, in a market where the distribution of such quotations is restricted to sophisticated or professional investors, without complying with the information review and recordkeeping requirements of Amended Rule 15c2-11(a)(1)(i) and (d)(1)(i)(A), respectively.
The agency’s own summary, as published.
What this changes
Amends 1 part of the Code of Federal Regulations — the standing rules this notice rewrites.
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