{"abstract":"The Securities and Exchange Commission (\"Commission\") is proposing new rules under the Securities Exchange Act of 1934 (\"Exchange Act\") relating to a broker-dealer's duty of best execution. Proposed Regulation Best Execution would enhance the existing regulatory framework concerning the duty of best execution by requiring detailed policies and procedures for all broker-dealers and more robust policies and procedures for broker-dealers engaging in certain conflicted transactions with retail customers, as well as related review and documentation requirements.","action":"Proposed rule.","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2023/01/27/2022-27644.html","cfr_references":[{"chapter":null,"citation_url":null,"part":240,"title":17},{"chapter":null,"citation_url":null,"part":242,"title":17}],"citation":"88 FR 5440","comment_url":null,"comments_close_on":"2023-03-31","correction_of":null,"corrections":[],"dates":"Comments should be received on or before March 31, 2023.","disposition_notes":null,"docket_ids":["Release No. 34-96496","File No. S7-32-22"],"dockets":[],"document_number":"2022-27644","effective_on":null,"end_page":5556,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2023/01/27/2022-27644.xml","html_url":"https://www.federalregister.gov/documents/2023/01/27/2022-27644/regulation-best-execution","images":{"EP27JA23.000":{"large":"https://img.federalregister.gov/EP27JA23.000/EP27JA23.000_large.png","medium":"https://img.federalregister.gov/EP27JA23.000/EP27JA23.000_medium.png","original_size":"https://img.federalregister.gov/EP27JA23.000/EP27JA23.000_original_size.png"}},"images_metadata":{"EP27JA23.000":{"large":{"identifier":"EP27JA23.000","content_type":"image/png","size":134413,"width":823,"sha":"9ce6bb4d9cdd086950a79c08bf9aa280","url":"https://img.federalregister.gov/EP27JA23.000/EP27JA23.000_large.png","height":1134},"medium":{"identifier":"EP27JA23.000","content_type":"image/png","size":52230,"width":481,"sha":"ee602f0cb66de08e81cd51aebdb8ac45","url":"https://img.federalregister.gov/EP27JA23.000/EP27JA23.000_medium.png","height":662},"original_size":{"identifier":"EP27JA23.000","content_type":"image/png","size":98149,"width":1818,"sha":"2d866ef45178604ea9fb27755627814c","url":"https://img.federalregister.gov/EP27JA23.000/EP27JA23.000_original_size.png","height":2504}}},"json_url":"https://www.federalregister.gov/api/v1/documents/2022-27644?publication_date=2023-01-27","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2023-01-27/2022-27644/mods.xml","not_received_for_publication":null,"page_length":117,"page_views":{"count":4059,"last_updated":"2026-04-12 04:15:05 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2023-01-27/pdf/2022-27644.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2022-27644.pdf?1674740716","publication_date":"2023-01-27","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2023/01/27/2022-27644.txt","regulation_id_number_info":{"3235-AN24":{"issue":"202410","html_url":"https://www.federalregister.gov/regulations/3235-AN24/regulation-best-execution-","title":"Regulation Best Execution ","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202410&RIN=3235-AN24&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["3235-AN24"],"regulations_dot_gov_info":{"comments_count":0,"agency_id":"SEC","document_id":"SEC-2023-0103-0001","checked_regulationsdotgov_at":"2023-03-01T19:11:38Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":5440,"subtype":null,"title":"Regulation Best Execution","toc_doc":"Regulation Best Execution","toc_subject":null,"topics":["Brokers","Reporting and recordkeeping requirements","Securities"],"type":"Proposed Rule","volume":88}