The Securities and Exchange Commission (``Commission''') is announcing the revised phase-in schedule for compliance with Rules 11Ac1-1(c)(5) (``ECN Amendment'' of the ``Quote Rule'') and 11Ac1-4 (``Limit Order Display Rule'') under the Securities Exchange Act of 1934 (``Exchange Act'') and is providing exemptive relief to accomodate the new schedule. In addition, the Commission is providing exemptive relief from compliance with the 1% requirement of the Quote Rule with respect to non-19c-3 securities.