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Rule 11a1-5 17CFR240_11a1_5

Transactions by Registered Competitive Market Makers
and Registered Equity Market Makers


Any transaction by a New York Stock Exchange registered competitive market maker or an American Stock Exchange registered equity market maker effected in compliance with their respective governing rules shall be deemed to be of a kind which is consistent with the purposes of section 11(a)(1) of the Act, the protection of investors, and the maintenance of fair and orderly markets.


Regulatory History

SEC Release 34-40594:  46 FR 14889, Mar. 3, 1981

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