Step 1 of 6: Identity
SEC Filings & Disclosure
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.
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-N public NMS Stock ATS filingstep 1
Complete the Identity fields. Each value is validated against the schema before the next step unlocks.
NMS Stock ATS operator (required)
entityIdSelect the broker-dealer operator of the NMS Stock ATS.
Step 2 of 6
ScreenSEC › SEC Workflows › Form ATS-N public NMS Stock ATS filingstep 2
Complete the Scope fields. Each value is validated against the schema before the next step unlocks.
ATS-N filing type (required)
filingVariantEnter ats-n filing type.
This filing must reference a prior ATS-N filing (required)
requiresPriorFilingEnter this filing must reference a prior ats-n filing.
Prior ATS-N accession numberoptional
priorAccessionNumberEnter prior ats-n accession number.
Broker-dealer registration and exemption artifact ID (required)
brokerDealerRegistrationArtifactIdEnter broker-dealer registration and exemption artifact id.
NMS Stock ATS scope and Rule 304 applicability ID (required)
nmsStockScopeArtifactIdEnter nms stock ats scope and rule 304 applicability id.
Step 3 of 6
ScreenSEC › SEC Workflows › Form ATS-N public NMS Stock ATS filingstep 3
Complete the Disclosure fields. Each value is validated against the schema before the next step unlocks.
Form ATS-N Part I identifying information artifact ID (required)
partIArtifactIdEnter form ats-n part i identifying information artifact id.
Form ATS-N Part II manner-of-operations artifact ID (required)
partIIArtifactIdEnter form ats-n part ii manner-of-operations artifact id.
Operator, affiliate, venue, and service-provider activities ID (required)
operationsAndAffiliatesArtifactIdEnter operator, affiliate, venue, and service-provider activities id.
Conflicts, segmentation, access, fees, and order-handling ID (required)
conflictsAndSegmentationArtifactIdEnter conflicts, segmentation, access, fees, and order-handling id.
Step 4 of 6
ScreenSEC › SEC Workflows › Form ATS-N public NMS Stock ATS filingstep 4
Complete the Effectiveness fields. Each value is validated against the schema before the next step unlocks.
Review-period, withdrawal, cessation, and effectiveness calculation ID (required)
reviewPeriodAndEffectivenessArtifactIdEnter review-period, withdrawal, cessation, and effectiveness calculation id.
Public Form ATS-N disclosure artifact ID (required)
publicDisclosureArtifactIdEnter public form ats-n disclosure artifact id.
Step 5 of 6
ScreenSEC › SEC Workflows › Form ATS-N public NMS Stock ATS filingstep 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 artifact ID (required)
authorizedSignatureArtifactIdEnter authorized signature artifact id.
Step 6 of 6
ScreenSEC › SEC Workflows › Form ATS-N public NMS Stock ATS filingstep 6
Complete the Package fields. Each value is validated against the schema before the next step unlocks.
Filing-type-specific ATS-N structured payload ID (required)
structuredSubmissionArtifactIdEnter filing-type-specific ats-n structured payload id.
ATS-N EDGAR validation artifact ID (required)
edgarValidationArtifactIdEnter ats-n edgar validation artifact 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 & 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.
Read guide