View Rule

View EO 12866 Meetings

Printer-Friendly Version Download RIN Data in XML

SEC

RIN: 3235-AK22

Publication ID: Fall 2008

Title: ●Amendments to Regulation SHO
Abstract: The Commission adopted an interim final rule, Rule 204T, to address abusive "naked" short selling in all equity securities by requiring that participants of a clearing agency registered with the Commission deliver securities by settlement date, or if the participants have not delivered shares by settlement date, immediately purchase or borrow securities to close out the fail to deliver position by no later than the beginning of regular trading hours on the settlement day following the day the participant incurred the fail to deliver position.
Agency: Securities and Exchange Commission(SEC)	Priority: Substantive, Nonsignificant
RIN Status: First time published in the Unified Agenda	Agenda Stage of Rulemaking: Final Rule Stage
Major: Yes	Unfunded Mandates: No
CFR Citation: 17 CFR 242.204T
Legal Authority: 15 USC 78b and 78c(b) 15 USC 78F 15 USC 78j 15 USC 78 k-1 15 USC 78l(h) 15 USC 78o and 78o-3 15 USC 78q and 78q-1 15 USC 78s 15 USC 78w(a)

Legal Deadline: None

Timetable:

Action	Date	FR Cite
Interim Final Rule	10/17/2008	73 FR 61706
Interim Final Rule Effective	10/17/2008
Interim Final Rule Comment Period End	12/16/2008

Regulatory Flexibility Analysis Required: Yes	Government Levels Affected: None
Small Entities Affected: Businesses
Included in the Regulatory Plan: No
RIN Data Printed in the FR: Yes
Agency Contact: Victoria L. Crane Division of Trading and Markets Securities and Exchange Commission 100 F Street NE, Washington, DC 20549 Phone:202 551-5744 Fax:202 772-9355 Email: cranev@sec.gov