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5: Members should populate the Trade-Through ExceptionExemption flag as yes for trades in securities that qualify under the SECs Order Exempting Non-Convertible Preferred Securities from Rule 611(a) of Regulation NMS. See Rules 6282(a), 6380A(a), 6380B(a) and 6622(a); see also Regulatory Notice 14-21 (May 2014).
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