SEC Grants Nasdaq an Extension of Limited Exemption from Reg. NMS Rule 612(c)

The SEC granted Nasdaq an extension to the limited exemption from Regulation NMS Rule 612(c) ("Sub-Penny Rule") in connection with the operation of the Retail Price Improvement ("RPI") Program. The exemption was granted coterminous with the effectiveness of the pilot program; both the RPI pilot program and exemption were scheduled to expire on March 28, 2014.

The SEC extended the exemption until September 30, 2014.

See: SEC Extension.