04:27 PM EDT, 09/12/2024 (MT Newswires) -- The US Securities and Exchange Commission will vote next week on new rules to modernize and strengthen oversight of the US equity markets.

Commissioners are scheduled to meet next Wednesday to consider several proposed changes to its Regulation NMS authority, including a cap on access fees by stock exchanges, and a new "sub-penny rule," barring share-price increments smaller than 1 cent, unless the stock trades for less than $1 per share. Also under consideration is a rule that would improve how pricing information is disseminated among market participants.

However, Bloomberg reported Thursday that the commission tabled one proposal that has met opposition from the market participants.

A proposal requiring market makers and major stock exchanges to compete for the right to process equity orders through auctions was left off the agenda. Market makers, in particular, have opposed the rule change, Bloomberg reported.