The Commission today approved an order delaying the pilot period for suspension of the operation of short sale price provisions. The pilot, established by order of the Commission on July 28, 2004, and set to commence on Jan. 3, 2005, suspends the provisions of Rule 10a-1(a) under the Securities Exchange Act and any short sale price test of any exchange or national securities association for short sales of certain pilot securities. See Securities Exchange Act
Release No. 50104, July 28, 2004 and 69 FR 48032, Aug. 6, 2004. The Nov. 29, 2004 pilot order resets the pilot to commence on May 2, 2005 and end on April 28, 2006. All other terms of the July 28, 2004 pilot order remain unchanged. The compliance date for all other provisions of Regulation SHO remains Jan. 3, 2005.
