SEC Extends Review of FINRA Proposal on Submission of ATS-Specific Order Information (Fed. Reg.)

The SEC extended the 45-day review period of a FINRA proposal to adopt Rule 4554, which requires alternative trading systems ("ATSs") to submit additional order information to FINRA. The SEC also designated June 3, 2016 as the date by which the Commission will approve, disapprove or institute proceedings to determine the ultimate status of the proposed rule change.