provided, however,

(ii) Other than in connection with a particular transaction, a security has a price of five dollars or more at a given time if the inside bid quotation is five dollars or more; provided, however, that if there is no such inside bid quotation, a security has a price of five dollars or more at a given time if the average of three or more interdealer bid quotations at specified prices displayed at that time in an interdealer quotation system, as defined in 17 CFR 240.15c27(c)(1), by three or more market makers in the security, is five dollars or more.

Source

17 CFR § 240.3a51-1


Scoping language

None
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