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.
ReviewedEvidence1 sourceSectionPhrases & Idioms
Quick answer
A joint self-regulatory organization plan is a plan jointly sponsored by at least two self-regulatory organizations.
Key details
Canonical FormJoint Self-Regulatory Organization Plan
Core MeaningUnder 17 CFR § 242.600, a joint self-regulatory organization plan is a plan for which two or more self-regulatory organizations act jointly as sponsors.
Further guidance
History Boundary
This page reflects the current reviewed 17 CFR § 242.600 definition and should be rechecked if Regulation NMS changes.
Meaning
Under 17 CFR § 242.600, a joint self-regulatory organization plan is a plan for which two or more self-regulatory organizations act jointly as sponsors.
Usage Boundary
The definition turns on joint sponsorship by two or more SROs; not every cooperative SRO activity is this defined plan.
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 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.
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.
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.
A defined Regulation NMS role for a self-regulatory organization or securities information processor acting as the exclusive processor for a facility contemplated by an effective national market system plan. Keep this page scoped to the U.S. Regulation NMS definition; “processor” in other market-data or technology contexts may mean something different.
A Regulation NMS definition for certain regulated entities that receive NMS stock market information and generate consolidated market data solely for internal use.
