On November 22, 2024, the Division of Trading and Markets of the Securities and Exchange Commission issued a no-action letter providing relief from the requirements of Rule 15c2-11 under the Securities Exchange Act of 1934 to fixed income securities that meet certain criteria. Rule 15c2-11 requires broker-dealers to make current and publicly available information about the issuer and its security accessible to investors before a broker-dealer can provide price quotations in the over-the-counter market. The SEC had previously provided exemptive relief from Rule 15c2-11 for fixed income securities offered and sold in reliance on Rule 144A under the Securities Act of 1933. The relief under the no-action letter has the effect of extending the current practice involving fixed income securities indefinitely.