{"abstract":"The Securities and Exchange Commission (\"Commission\" or \"SEC\") is proposing amendments to Regulation NMS (\"Regulation NMS\") under the Securities Exchange Act of 1934 (\"Exchange Act\"). The proposed amendments would rescind the trade-through rule for NMS stocks, the provision regarding locking and crossing quotations for NMS stocks, and certain defined terms. The proposed amendments would also make conforming changes to other related provisions.","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/2026/06/17/2026-12163.html","cfr_references":[{"chapter":null,"citation_url":null,"part":"240","title":17},{"chapter":null,"citation_url":null,"part":"242","title":17}],"citation":"91 FR 36656","comment_url":null,"comments_close_on":"2026-08-17","correction_of":null,"corrections":[],"dates":"Comments should be received on or before August 17, 2026.","disposition_notes":null,"docket_ids":["Release No. 34-105655","File No. S7-2026-20"],"dockets":[],"document_number":"2026-12163","effective_on":null,"end_page":36735,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2026/06/17/2026-12163.xml","html_url":"https://www.federalregister.gov/documents/2026/06/17/2026-12163/the-trade-through-rule-and-locked-and-crossed-markets-provisions-of-regulation-nms","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2026-12163?publication_date=2026-06-17","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2026-06-17/2026-12163/mods.xml","not_received_for_publication":null,"page_length":80,"page_views":{"count":540,"last_updated":"2026-06-23 20:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-06-17/pdf/2026-12163.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-12163.pdf?1781613912","publication_date":"2026-06-17","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2026/06/17/2026-12163.txt","regulation_id_number_info":{"3235-AN50":{"issue":"202504","html_url":"https://www.federalregister.gov/regulations/3235-AN50/trade-through-rule","title":"Trade-Through Rule","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202504&RIN=3235-AN50&operation=OPERATION_EXPORT_XML","priority_category":"Economically Significant"}},"regulation_id_numbers":["3235-AN50"],"regulations_dot_gov_info":{"comments_count":0,"agency_id":"SEC","document_id":"SEC-2026-3731-0001","checked_regulationsdotgov_at":"2026-06-18T15:55:05Z"},"regulations_dot_gov_url":null,"significant":true,"signing_date":null,"start_page":36656,"subtype":null,"title":"The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS","toc_doc":"Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS","toc_subject":null,"topics":["Brokers","Reporting and recordkeeping requirements","Securities"],"type":"Proposed Rule","volume":91}