FINRA Adopts Amendments Relating to Regulation NMS Plan to Address Extraordinary Market Volatility

On April 8, 2013, Phase I of the joint industry Regulation NMS Plan to Address Extraordinary Market Volatility will be implemented. Regulatory Notice 13-12 provides a brief overview of the plan and recent amendments to FINRA rules to facilitate implementation, operation and member firm compliance with the plan.

The amended rule text is available in the attached regulatory notice.

See: Regulatory Notice 13-12.See also: FINRA's FAQ for additional guidance.For a general discussion, see Lofchie's Guide to Broker-Dealer Regulation: Trading Chapter.