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.
ReviewedEvidence1 sourceSectionPhrases & Idioms
Quick answer
Under Regulation NMS, a “transaction reporting plan” is a plan for collecting, processing, making available, or disseminating transaction reports with respect to securities transactions, filed with the Commission and meeting § 242.601.
Key details
Canonical FormTransaction Reporting Plan
Core MeaningA defined Regulation NMS plan for collecting, processing, making available, or disseminating transaction reports that is filed with the Commission and meets § 242.601.
Further guidance
History Boundary
This page is limited to the U.S. Regulation NMS definition and should not be read as describing every securities reporting plan.
Meaning
Under Regulation NMS, a “transaction reporting plan” is a plan for collecting, processing, making available, or disseminating transaction reports with respect to securities transactions, filed with the Commission and meeting § 242.601.
Usage Boundary
This page is limited to the U.S. Regulation NMS definition and should not be read as describing every securities reporting 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.
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 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.
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.
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.
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.
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.
