Request for Exemptive Relief from Rule 201 of Regulation SHO for Single-Priced Opening, Reopening, and Closing Transactions
NYSE Euronext No-Action Letter
February 7, 2011
The SEC Division of Market Regulation granted exemptive relief under Rule 201 of Regulation SHO to the NYSE to use certain reference prices other than the national best bid in determining whether a short sale order in a covered security that has triggered Rule 201's circuit breaker can be executed in a "single-priced opening, reopening, or closing transaction" executed on the NYSE (or NYSE Amex).
Cross References
Regulation SHO, Rule 201
SIFMA Letter to SEC (Jan. 19, 2011) (requesting same exemptive relief)