Final Rule
Amendments to Regulation SHO
Overview
The Securities and Exchange Commission ("Commission') is adopting amendments to Regulation SHO under the Securities Exchange Act of 1934 ("Exchange Act'). The amendments are intended to further reduce the number of persistent fails to deliver in certain equity securities by eliminating the grandfather provision of Regulation SHO. In addition, we are amending the close-out requirement of Regulation SHO for certain securities that a seller is "deemed to own.' The amendments also update the market decline limitation referenced in Regulation SHO.
Prior Actions
Proposed Rule (34-55520)
Release Number
34-55520
SEC Issue Date
March 26, 2007
Federal Register Publish Date
March 30, 2007
Document Citation
72 FR 15079
RIN
3235-AJ57
Proposed Rule (34-54154)
Release Number
34-54154
SEC Issue Date
July 14, 2006
Federal Register Publish Date
July 21, 2006
Document Citation
71 FR 41709
RIN
3235-AJ57
Resources
Details
File Number
S7-12-06
Rule Type
Final
Release Number
34-56212
SEC Issue Date
Aug. 7, 2007
Effective Date
October 15, 2007
Federal Register Publish Date
Aug. 14, 2007
Document Citation
72 FR 45543
RIN
3235-AJ57