Step 1 of 6: Identity
SEC Filings & Disclosure
Broker-dealers, advisers & fundsPrepare an initial, amendment, or cessation notice for a non-NMS ATS; gate NMS stock activity into Form ATS-N; capture broker-dealer registration, operations, access, fair-access, order-display, systems, surveillance, books, records, safeguards, exhibits, and signature evidence; and reconcile Commission receipt without representing the notice as Commission approval.
Basis: Market structure
/sec/startSecurities Exchange Act of 1934; Regulations S-K, S-X, S-T; 17 CFR Parts 229, 232, 240, 249
6 steps, completed in order. Each step is validated against the schema before the next unlocks.
Step 1 of 6
ScreenSEC › SEC Workflows › Form ATS operation noticestep 1
Complete the Identity fields. Each value is validated against the schema before the next step unlocks.
ATS broker-dealer operator (required)
entityIdSelect the registered broker-dealer operating the non-NMS alternative trading system.
Step 2 of 6
ScreenSEC › SEC Workflows › Form ATS operation noticestep 2
Complete the Scope fields. Each value is validated against the schema before the next step unlocks.
Form ATS notice type (required)
filingVariantEnter form ats notice type.
Securities traded (required)
securityScopeEnter securities traded.
Required linked Form ATS-N workflow IDoptional
formAtsNWorkflowIdEnter required linked form ats-n workflow id.
Broker-dealer and SRO registration artifact ID (required)
brokerDealerRegistrationArtifactIdEnter broker-dealer and sro registration artifact id.
ATS names, locations, control, and contacts artifact ID (required)
atsIdentityArtifactIdEnter ats names, locations, control, and contacts artifact id.
Step 3 of 6
ScreenSEC › SEC Workflows › Form ATS operation noticestep 3
Complete the Operations fields. Each value is validated against the schema before the next step unlocks.
Operations, securities, participants, and subscribers artifact ID (required)
operationsAndSubscribersArtifactIdEnter operations, securities, participants, and subscribers artifact id.
Trading protocols, execution, access, and fees artifact ID (required)
tradingAndAccessArtifactIdEnter trading protocols, execution, access, and fees artifact id.
Fair access, order display, and threshold analysis artifact ID (required)
fairAccessAndOrderDisplayArtifactIdEnter fair access, order display, and threshold analysis artifact id.
Step 4 of 6
ScreenSEC › SEC Workflows › Form ATS operation noticestep 4
Complete the Controls fields. Each value is validated against the schema before the next step unlocks.
Capacity, integrity, security, surveillance, and contingency artifact ID (required)
systemsAndSurveillanceArtifactIdEnter capacity, integrity, security, surveillance, and contingency artifact id.
Books, records, reporting, confidentiality, and safeguards artifact ID (required)
booksRecordsAndSafeguardsArtifactIdEnter books, records, reporting, confidentiality, and safeguards artifact id.
Step 5 of 6
ScreenSEC › SEC Workflows › Form ATS operation noticestep 5
Complete the Governance fields. Each value is validated against the schema before the next step unlocks.
Regulation ATS legal approval artifact ID (required)
legalApprovalArtifactIdEnter regulation ats legal approval artifact id.
Authorized signature and representation artifact ID (required)
authorizedSignatureArtifactIdEnter authorized signature and representation artifact id.
Step 6 of 6
ScreenSEC › SEC Workflows › Form ATS operation noticestep 6
Complete the Package fields. Each value is validated against the schema before the next step unlocks.
Current Form ATS notice document artifact ID (required)
formDocumentArtifactIdEnter current form ats notice document artifact id.
Form ATS schedules and exhibits artifact ID (required)
exhibitIndexArtifactIdEnter form ats schedules and exhibits artifact id.
Form ATS completeness and submission validation ID (required)
submissionValidationArtifactIdEnter form ats completeness and submission validation id.
Continue with the next guide in this framework's table of contents.
Select the legally operative form version and filing type, calculate adviser/fund scope and deadlines, capture all applicable fund, strategy, exposure, liquidity, leverage, counterparty, risk, aggregation, look-through, estimate, and assumption data, obtain data-owner and CCO approvals, validate the confidential XML or portal payload, submit through PFRD, and reconcile its receipt.
Read guide Broker-dealers, advisers & fundsPrepare an initial or amended Investment Company Act exemptive application, preserve applicants, facts, legal standards, requested order, conditions, precedent, correspondence, verification, signatures, and exhibits; submit through EDGAR; distinguish EDGAR acceptance from a later Commission exemptive order.
Read guide Broker-dealers, advisers & fundsChoose the exact ATS-N submission type; conditionally bind the prior accession; complete Parts I-III as applicable, public operations, affiliate, conflict, segmentation, access, fee, and order-handling disclosure; calculate review, withdrawal, cessation, and effectiveness paths; validate the structured EDGAR package; and wait for Commission effectiveness evidence after acceptance.
Read guide