Testing Requirements

US Equities members designated as required MWCB participants must participate in at least one MWCB test per Testing Year. Non-qualifying Members are encouraged to participate but will have no registration or level of activity requirements during the test. Testing requirements for required participants are defined in Member Participation Requirements.

There are currently no participation requirements regarding Level 3 halts. If a Level 3 halt is a scheduled testing activity, Members may voluntarily participate in the Level 3 halt in addition to meeting participation requirements for Level 1/2 halts.