Securities Lawyer's Deskbook                          published by The University of Cincinnati College of Law

Rule 202T -- Temporary short sale rule suspension

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1. The provisions of 17 CFR 240.10a-1(a) and any short sale price test for any exchange or national securities association shall not apply to short sales in such securities, or during such time periods, as the Commission designates by order as necessary or appropriate in the public interest and consistent with the protection of investors after giving due consideration to the security's liquidity, volatility, market depth and trading market. All other provisions of 17 CFR 240.10a-1, §242.200, and §242.203 shall remain in effect.



2. No self-regulatory organization shall have a rule that is not in conformity with or conflicts with any order issued pursuant to paragraph (a) of this section.



3. This temporary section will expire on [insert date three years after publication in the Federal Register].
   
   

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