Thursday, November 04, 2010

Equity Technical Update #2010 - 23
Implementation of Regulation SHO Changes Delayed Until February 28, 2011

Markets Impacted:

Contact Information:

What you need to know:

  • The Securities and Exchange Commission (SEC) has extended the date for compliance with its new Regulation SHO short sale rule to February 28, 2011.
  • NASDAQ OMX® will still offer testing as planned on Saturday, November 6, 2010, for its support of the new rule on The NASDAQ Stock Market® (NASDAQ®), NASDAQ OMX BXSM (BXSM) and NASDAQ OMX PSXSM (PSXSM). Testing will also be available for the NASDAQ ACTSM system.

What has been announced?

The SEC has extended the date for compliance with its new Regulation SHO short sale rule to February 28, 2011. NASDAQ OMX will not support the changes to Regulation SHO until the SEC’s compliance date.

Will testing still occur on Saturday, November 6, 2010?

NASDAQ OMX will still offer testing as planned on Saturday, November 6, 2010, for its support of the new short sale rule on NASDAQ, BX and PSX. Testing will also be available for the NASDAQ ACT system. Refer to Equity Technical Update #2010-22 for testing details.

Where can I find additional information?



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