Overview

The Securities and Exchange Commission is adopting a temporary rule, new Rule 608T, under the Securities Exchange Act of 1934 that extends to November 15, 2016, the date by which the Commission is required to act on the proposed National Market System (“NMS”) Plan Governing the Consolidated Audit Trail (the “CAT NMS Plan” or “Plan”). New Rule 608T solely governs the timeframe for action on the proposed CAT NMS Plan. The Commission is adopting the rule as an interim final temporary rule in light of the impending November 10, 2016 date designated by the Commission under Rule 608 as the date by which the Commission would take action on the proposed CAT NMS Plan. Rule 608T will expire at 12:01 am on November 16, 2016, because after that time the rule will no longer be necessary.