[17397]
April 16, 2004
TO: EQUITY MARKETS ADVISORY COMMITTEE No. 18-04
SEC RULES COMMITTEE No. 35-04
RE: SEC ANNOUNCES AGENDA FOR PUBLIC HEARING ON PROPOSED REGULATION
NMS
The SEC has announced the agenda for the public hearing to be held on proposed
Regulation NMS on Wednesday, April 21, 2004.1 The hearing will consist of seven panels on
various issues addressed by the proposal. Specifically, panels will be held on the trade-through
proposal, combining the traditional trading floor with an automatic execution facility, the
market access proposal, the subpenny quoting proposal, and the market data proposal.2 John
Wheeler of American Century Investments will be testifying on behalf of the Institute on the
trade-through proposal panel. The SEC’s announcement states that it may schedule further
hearings to obtain additional public discussion of these proposals in light of the degree of public
interest in testifying at the hearing.
Ari Burstein
Associate Counsel
1 The hearing will be held at the InterContinental The Barclay New York at 111 East 48th Street, New York, N.Y.
beginning at 9 am.
2 The complete agenda for the hearing can be found on the SEC’s website at
http://www.sec.gov/news/press/2004-52.htm.