Effective Transaction Reporting Plan is a current Regulation NMS defined term. This guide keeps “effective” tied to Commission approval under § 242.601 rather than ordinary-language effectiveness.
ReviewedEvidence1 sourceSectionPhrases & Idioms
Quick answer
Under Regulation NMS, an effective transaction reporting plan is a transaction reporting plan approved by the SEC under § 242.601.
Key details
Canonical FormEffective Transaction Reporting Plan
Core MeaningA transaction reporting plan approved by the Securities and Exchange Commission pursuant to 17 CFR § 242.601.
Further guidance
History Boundary
This page reflects the current reviewed 17 CFR § 242.600 definition and should be rechecked if Regulation NMS changes.
Meaning
17 CFR § 242.600 defines an effective transaction reporting plan as a transaction reporting plan approved by the Commission pursuant to § 242.601.
Usage Boundary
“Effective” here denotes Commission approval under the cited rule; it is not a general claim that a reporting plan works well.
Sources and evidence
Sources are shown with the role they play in this guide. Historical or style-sensitive claims are kept within the evidence boundary described above.
A defined Regulation NMS plan for collecting, processing, making available, or disseminating transaction reports that is filed with the Commission and meets § 242.601. This page is limited to the U.S. Regulation NMS definition and should not be read as describing every securities reporting plan.
A national market system plan approved by the Securities and Exchange Commission, temporarily or permanently, pursuant to § 242.608. Keep the approval and § 242.608 scope in the definition; this is not a generic label for any market-system operating plan.
A defined Regulation NMS person authorized to implement or administer a transaction reporting plan for persons acting jointly under § 242.601(a). This page is limited to the U.S. Regulation NMS definition and does not generalize the term to unrelated reporting bodies.
Average Effective Spread is a current Regulation NMS defined term. This guide preserves the specific U.S. securities-rule scope instead of substituting an ordinary-language meaning.
Average Percentage Effective Spread is a current Regulation NMS defined metric and should be read with the rule-defined average effective spread and average midpoint components.
Effective spread is an execution-cost measure based on the distance between an execution price and the contemporaneous quote midpoint, conventionally expressed on a round-trip basis. Do not substitute the displayed quoted spread: price improvement or executions away from the quote can make effective spread differ from quoted spread.
Joint Self-Regulatory Organization Plan is a current Regulation NMS defined term. This guide preserves the rule-specific definition and boundaries instead of replacing it with informal market shorthand.
National Market System Plan is a current Regulation NMS defined term. This guide preserves the rule-specific definition and boundaries instead of replacing it with informal market shorthand.
