Securities and Exchange Commission August 14, 2007 – Federal Register Recent Federal Regulation Documents

Concept Release on Allowing U.S. Issuers To Prepare Financial Statements in Accordance With International Financial Reporting Standards
Document Number: E7-15865
Type: Proposed Rule
Date: 2007-08-14
Agency: Securities and Exchange Commission, Agencies and Commissions
The Commission is publishing this Concept Release to obtain information about the extent and nature of the public's interest in allowing U.S. issuers, including investment companies subject to the Investment Company Act of 1940, to prepare financial statements in accordance with International Financial Reporting Standards as published by the International Accounting Standards Board for purposes of complying with the rules and regulations of the Commission. U.S. issuers presently prepare their financial statements in accordance with generally accepted accounting principles as used in the United States, referred to as U.S. GAAP.
Amendments to Regulation SHO
Document Number: E7-15709
Type: Proposed Rule
Date: 2007-08-14
Agency: Securities and Exchange Commission, Agencies and Commissions
The Securities and Exchange Commission (``Commission'') is re- proposing amendments to Regulation SHO under the Securities Exchange Act of 1934 (``Exchange Act''). The proposed amendments are intended to further reduce the number of persistent fails to deliver in certain equity securities by eliminating the options market maker exception. In addition, we are requesting comment regarding specific alternatives to our proposal to eliminate the options market maker exception. We are also proposing an amendment to the long sale marking provisions of Regulation SHO that would require that brokers and dealers marking a sale as ``long'' document the present location of the securities being sold.
Amendments to Regulation SHO
Document Number: E7-15708
Type: Rule
Date: 2007-08-14
Agency: Securities and Exchange Commission, Agencies and Commissions
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.