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B-330538 1 (2018-12-04)

handle is hein.gao/gaobadvjd0001 and id is 1 raw text is: G A O U.S. GOVERNMENT ACCOUNTABILITY OFFICE 441 G St. N.W. Washington, DC 20548 B-330538 December 4, 2018 The Honorable Mike Crapo Chairman The Honorable Sherrod Brown Ranking Member Committee on Banking, Housing, and Urban Affairs United States Senate The Honorable Jeb Hensarling Chairman The Honorable Maxine Waters Ranking Member Committee on Financial Services House of Representatives Subject: Securities and Exchange Commission: Disclosure of Order Handling Information Pursuant to section 801 (a)(2)(A) of title 5, United States Code, this is our report on a major rule promulgated by the Securities and Exchange Commission (Commission) entitled Disclosure of Order Handling Information (RIN: 3235-AL67). We received the rule on November 6, 2018. It was published in the Federal Register as a final rule on November 19, 2018. 83 Fed. Reg. 58,338. The effective date of the final rule is January 18, 2019. The final rule adopts amendments to the Regulation National Market System (Regulation NMS) to require additional disclosures by broker-dealers to customers regarding the handling of their orders. The final rule also adds a new disclosure requirement which requires a broker-dealer, upon request of its customer, to provide specific disclosures related to the routing and execution of the customer's National Market System (NMS) stock orders submitted on a not held basis for the prior 6 months, subject to two de minimis exceptions. Enclosed is our assessment of the Commission's compliance with the procedural steps required by section 801 (a)(1)(B)(i) through (iv) of title 5 with respect to the rule. If you

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