• Jan
  • 29
  • 2007
  • 4:23 PM

Q&A: What's the status of Reg. SHO?

By: Ray Pellecchia
File Under: NYSE

A reader writes:

Not sure if it has been answered or not (or if this is the best place to ask this), but what is the status of the SHO Pilot program? Is the NYSE planning to expand the stocks involved anytime soon?

I know they extended the program a while back, but do we have an idea of what the NYSE's plans are?

Thanks

-- JC

JC -- I've run this by my NYSE Regulation colleagues, and they tell me that the SEC has extended the Reg. SHO pilot to Aug. 6, 2007. It's an SEC-mandated program that NYSE implements, and changes to the pilot -- if any -- are determined by the SEC. The list has not been expanded, but has changed over time to reflect mergers, delistings etc. since the start of the pilot.

Here's the link to NYSE Reg.'s page on Reg. SHO, including relevant lists and basic information. For more information, best to try sec.gov.

Hope that helps. Thanks for writing, JC, and thanks to my Reg colleagues for their help.

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A Hybrid-Building Colleague adds:

The SEC has proposed eliminating the tick restrictions for short selling. The comment period on the SEC proposal ends Feb. 12. Here's the proposed rule, with embedded links for making a comment.

Thanks for pointing that out, my HBC!

by Ray Pellecchia on January 30, 2007 7:37 AM

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