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(Ats Form 2-A) : Securities and Exchange Commission Alternative Trading System (Ats) Change in Operation Report

This document provides instructions for filing an ATS Form 2-A with the Securities and Exchange Commission to report any changes to an Alternative Trading System's operations. It outlines the general instructions for filing the form, including requirements to file 5 copies not later than 10 days prior to implementing material changes. It also describes the specific information that must be included in Parts I and II of the form, such as descriptions of subscribers, securities traded, market structure, related third parties, daily trading summaries, order records, and any amended contracts or corporate documents.

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Chiara White
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© © All Rights Reserved
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19 views

(Ats Form 2-A) : Securities and Exchange Commission Alternative Trading System (Ats) Change in Operation Report

This document provides instructions for filing an ATS Form 2-A with the Securities and Exchange Commission to report any changes to an Alternative Trading System's operations. It outlines the general instructions for filing the form, including requirements to file 5 copies not later than 10 days prior to implementing material changes. It also describes the specific information that must be included in Parts I and II of the form, such as descriptions of subscribers, securities traded, market structure, related third parties, daily trading summaries, order records, and any amended contracts or corporate documents.

Uploaded by

Chiara White
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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ATS FORM 2-A

SECURITIES AND EXCHANGE COMMISSION

ALTERNATIVE TRADING SYSTEM (ATS)


CHANGE IN OPERATION REPORT
(ATS FORM 2-A)

GENERAL INSTRUCTIONS

1. The ATS Form 2-A shall be used for reporting the ATS’s initial operation and
any succeeding changes thereto. The report on operation shall be captioned
ATS Form 2-A and shall be submitted not later than 10 calendar days
prior to implementation of a material change in operation. (Amended by
Section 10 of SEC Memorandum Circular No. 3 Series of 2007)

2. This form shall be signed by the ATS Operator’s principal executive


officer/president or persons performing similar functions.

3. The name of the person who signs this form shall be typed or printed
beneath his signature. Any person who occupies more than one of the
specified positions shall indicate the capacity in which he signs the
registration statement. At least one copy of the documents filed shall be
manually signed and the unsigned copies shall be conformed.

4. Incorporation by reference

Any information required in the ATS Form may be incorporated by reference


by indicating the exhibit number in which the information may be found.
Each exhibit should be signed by the authorized officer of the registrant.

5. Exhibits

For each Exhibit, include the name of the applicant/ATS, the date of filing of
the Exhibit and the date as of which the information is accurate (if different
from the date of the filing). If any Exhibit required is inapplicable, a statement
to that effect shall be furnished instead of such Exhibit.

If the ATS files an amendment to the information provided in its Initial


Operation Report and the information relates to an Exhibit filed with the Initial
Operation Report or a subsequent amendment, the ATS must provide a
description of the change and file a complete and updated Exhibit.

6. Five copies of the complete ATS Form 2-A shall be filed, including exhibits
and all other papers and documents filed as part thereof.
ATS FORM 2-A

SECURITIES AND EXCHANGE COMMISSION

ALTERNATIVE TRADING SYSTEM (ATS)


CHANGE IN OPERATION REPORT
(ATS FORM 2-A)

PART I
Description of the Operation

1. Provide a description of any change in the ATS’ operation taking into account the
following items:

1.1 Classes of subscribers (e.g., broker-dealer, institution, or retail). Also


describe any difference in access to the services offered by the ATS to
different groups or classes of subscribers.

1.2 Types of securities the ATS trades (e.g., debt, equity, listed);

1.3 Market structure of the ATS (e.g., call market, auction market, dealer
market).

1.4 The name of any person or company, other than the ATS, that are involved
in the operation of the ATS, including the execution, trading, clearing and
settling of transactions on behalf of the ATS. Provide a description of the
role and responsibilities of each person or company.

1.5 Details of the operation, as follows:

a. The manner of operation of the ATS.


b. Procedures governing entry of orders into the ATS.
c. The means of access to the ATS.
d. Fees charged by the ATS.
e. The procedures governing execution, reporting, clearance and
settlement of transactions effected through the ATS.
f. Procedures for ensuring subscriber compliance with requirements of
the ATS.
g. Safeguards and procedures implemented by the ATS to protect
subscribers' trading information.
h. Training to be provided to users of the System and a copy of any
materials provided.

1.6 ATS procedures for reviewing system capacity, security and contingency
planning procedures;

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ATS FORM 2-A

1.7 Controls to be implemented to ensure the safety of the funds and securities;

1.8 Registered holders and beneficial owners of securities of the ATS;

1.9 Clearing and settlement procedures;

1.10 Material contracts executed by the ATS;

1.11 Compliance with the Anti-Money Laundering Law and its implementing rules
and regulations including the adopted Manual of Procedures.

1.12 Daily trading summaries, in electronic form, including:

a. Type of securities for which transactions have been executed;


b. Transaction volume, expressed with respect to equity securities in:

i) Number of trades;
ii) Number of shares traded; and
iii) Total settlement value; and

c. Transaction volume, expressed with respect to debt securities in:

i) Number of trades; and


ii) Total value.

1.13 Time-sequenced records of order information in the ATS, including:

a) Date and time (expressed in terms of hours, minutes, and seconds)


that the order was received;
b) Security code;
c) The number of shares or contracts, or the principal amount of fixed-
income instruments to which the order applies;
d) The designation of the order as a buy or sell order;
e) The designation of the order as a short sale order;
f) The designation of the order as a market order, limit order, or other
type of order;
g) The limit or stop price prescribed by the order;
h) The date on which the order expires and, if the time in force is less
than one (1) day, the time when the order expires;
i) The time limit during which the order is in force;
j) Any instruction to modify or cancel the order;
k) The type of account, i.e., retail, wholesale, affiliate, proprietary, or any
other type of account designated by the ATS, for which the order is
submitted;

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ATS FORM 2-A

l) Date and time (expressed in terms of hours, minutes, and seconds)


that the order was executed;
m) Price at which the order was executed;
n) Size of the order executed (expressed in number of shares or units or
principal amount); and Identity of the parties to the transaction.

PART II
EXHIBITS

2. Submit the following:

2.1 A copy of any amended or additional contract executed between the ATS
and the regulation services provider.

2.2 A copy of any amended constitution, including corporate by-laws and other
similar documents, and all subsequent amendments.

2.3 Other exhibits as maybe required by the Commission.

SIGNATURE

Pursuant to the requirements of the ATS Rules, this report is signed on behalf of
the registrant by the undersigned, thereunto duly authorized, in the City of
________________________on__________, 20__.

By:
_____________________________
Principal Executive Officer/President

SUBSCRIBED AND SWORN to before me this _____ day of _________ 200__


affiant. exhibiting to me his/their Residence Certificate with ________ issued at
______ on __________.

Notary Public

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