# Regulation SHO and Rule 10a-1
> **US Securities and Exchange Commission** · Final rule. · Published 2007-07-03 · Effective 2007-07-03 · 72 FR 36348
## Document
- **Document number:** E7-12868
- **Category:** final-rule
- **Agency:** US Securities and Exchange Commission
- **Federal Register citation:** 72 FR 36348
- **CFR reference:** 17 CFR 240
- **Publication date:** 2007-07-03
- **Effective date:** 2007-07-03
- **Docket:** Release No. 34-55970
## Abstract

The Securities and Exchange Commission ("Commission") is amending the short sale price test under the Securities Exchange Act of 1934 ("Exchange Act"). The amendments are intended to provide a more consistent regulatory environment for short selling by removing restrictions on the execution prices of short sales ("price tests" or "price test restrictions"), as well as prohibiting any self- regulatory organization ("SRO") from having a price test. In addition, the Commission is amending Regulation SHO to remove the requirement that a broker-dealer mark a sell order of an equity security as "short exempt," if the seller is relying on an exception from a price test.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2007/07/03/E7-12868/regulation-sho-and-rule-10a-1)
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