What is ‘National Market System Plan – NMSP’
A nationwide system used in the United States for the selection and reservation of securities symbols, and also for the collection, processing and distribution of quotation and transaction information for exchange-listed securities. The National Market System Plan consists of plans in which FINRA – the largest independent regulator for U.S. securities firms – participates. These are the ISRA Plan, the CTA/CQ Plans, and the OTC UTP Plan. These NMS Plans are governed by section 11A of the 1934 Securities Exchange Act.
Explaining ‘National Market System Plan – NMSP’
The three NMS Plans in which FINRA participates are:
– The Intermarket Symbol Reservation Authority or ISRA Plan: this governs the establishment, operation and administration of a uniform system for the selection and reservation of one-to five-character securities symbols.
– Consolidated Tape Association/Consolidated Quotation Plan: governs the collection, processing and distribution of quotation and transaction information for exchange-listed securities, excluding those listed on the Nasdaq.
– OTC UTP Plan: governs the collection, processing and distribution of quotation and transaction information for issues listed on the Nasdaq Stock Exchange.
Further Reading
- National malaria control and scaling up for impact: the Zambia experience through 2006 – www.ajtmh.org [PDF]
- Shades of blue: what do competing interpretations of the Blue Economy mean for oceans governance? – www.tandfonline.com [PDF]
- Reducing noise pollution from commercial shipping in the Channel Islands National Marine Sanctuary: a case study in marine protected area management of … – www.tandfonline.com [PDF]
- Burma's economic performance under military rule: an assessment – online.ucpress.edu [PDF]
- Myanmar: From army rule to constitutional rule? – www.tandfonline.com [PDF]
- Managing systemic and disruptive innovation: lessons from the Renault Zero Emission Initiative – academic.oup.com [PDF]
- National malaria vector control policy: an analysis of the decision to scale-up larviciding in Nigeria – academic.oup.com [PDF]
- The New Business of Nanotechnology: Exploring Commercial Opportunities and Risks – www.tandfonline.com [PDF]
