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.
ReviewedEvidence1 sourceSectionPhrases & Idioms
Quick answer
Under Regulation NMS, a “transaction reporting association” is a person authorized to implement or administer a transaction reporting plan on behalf of persons acting jointly under § 242.601(a).
Key details
Canonical FormTransaction Reporting Association
Core MeaningA defined Regulation NMS person authorized to implement or administer a transaction reporting plan for persons acting jointly under § 242.601(a).
Further guidance
History Boundary
This page is limited to the U.S. Regulation NMS definition and does not generalize the term to unrelated reporting bodies.
Meaning
Under Regulation NMS, a “transaction reporting association” is a person authorized to implement or administer a transaction reporting plan on behalf of persons acting jointly under § 242.601(a).
Usage Boundary
This page is limited to the U.S. Regulation NMS definition and does not generalize the term to unrelated reporting bodies.
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.
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.
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.
Regulation NMS incorporates the Rule 10b-10 definition of “time of the transaction,” which is the time of execution, to the extent feasible, of the customer’s order.
A defined Regulation NMS report containing the price and volume associated with a transaction involving the purchase or sale of one or more round lots of a security. This page uses the Regulation NMS definition; other reporting regimes may use “transaction report” differently.
Actionable Indication of Interest is a current federal securities-regulation defined term. This guide preserves the rule-specific definition and boundaries instead of replacing it with informal market shorthand.
Administrative Data is a current Regulation NMS defined term for specified administrative, control, and technical messages in the market-data plan framework.
Affiliate of a Subscriber is a current Regulation ATS defined term. This guide preserves the rule-specific meaning and boundary instead of replacing it with informal market shorthand.
Under current U.S. Regulation NMS definitions, aggregate quotation size is the sum of the quotation sizes of all responsible brokers or dealers communicating bids or offers in an NMS security at the same price. Treat this as a U.S. securities-regulation definition; it should not be generalized to unrelated uses of aggregate size or quotation outside Regulation NMS.
