May 17, 2011 - FIF Front Office Meeting Agenda

• Date: Tuesday, May 17, 2011 @ 4 PM ET

• Market Access
  • May 04, 2011; FIF Market Access WG Meeting with SEC
  • Apr 20, 2011; Equity Regulatory Alert #2011-3 – Update on The NASDAQ Stock Market’s Modified Sponsored Access Rule
• FINRA Rule 5131 Update
  • Apr 18, 2011; SR-FINRA-2011-017 – Proposed Rule Change to Amend FINRA Rule 5131 (New Issue Allocations and Distributions) – Effective Date: Sep 26, 2011
• FINRA OATS Updates
  • FIF OATS for NMS Tracker Updates
    • Next FIF OATS WG Meeting with FINRA and NYSE: May 10 @ 4:15 PM ET
    • OATS Reportable Securities List
    • May 03, 2011: Updated Technical Specifications reflect additional validation enhancements
    • May 03, 2011: Overview of Technical Specification Changes - Jan 11, Feb 16, 2011 and Mar 17, 2011
    • Apr 26, 2011; SR-FINRA-2011-021; Proposed Rule Change Relating to Extension of Implementation Date for Expansion of the Order Audit Trail System to All NMS Stocks from Jul 11, 2011 to Oct 3, 2011
• Limit Up-Limit Down (see attached)

• Apr 05, 2011; SEC Announces Filing of Limit Up-Limit Down Proposal to Address Extraordinary Market Volatility
• Proposed "Limit Up-Limit Down" NMS Plan
• Cover Letter to Proposed "Limit Up-Limit Down" NMS Plan

• Stock Circuit Breaker Updates
  • May 06, 2011; SR-NYSEAmex-2011-32, SR-BX-2011-025, SR-ISE-2011-28, SR-NASDAQ-2011-067, SR-NYSE-2011-21 – Proposed Rule Change to Include Additional Securities in the Pilot by Which Such Rule Operates and Simplify Certain Aspects of the Text While Also Conforming Certain of the Percentages Thereunder to the Proposed Changes to Rule 80C
  • Apr 28, 2011; Equity Regulatory Alert #2011-4 – NASDAQ Volatility Guard Pilot Postponed to July 15, 2011
• Short Sale Updates
  • FIF Reg SHO Price Test Tracker
  • Short Sale Reporting Study Required by Dodd-Frank Act Section 417(a)(2) – Comments Available
  • Apr 27, 2011; SR-NYSEAmex-2011-29, SR-NYSE-2011-19, SR-NYSEArca-2011-22 – Approval of Proposed Rule Change Amending Rules to Modify the Exchange's Procedures for Early Termination of the Short Sale Price Test Restrictions of Rule 201 of Regulation SHO Based on a Triggering Transaction that Another Exchange or a Self-Regulatory Organization Has Determined Was a Clearly Erroneous Execution
• CHX Updates
  • May 06, 2011; SR-CHX-2011-08 – Approval of Proposed Rule Change Related to the Treatment of Customer Orders and the Prohibition Against Trading Ahead of Customer Orders
  • Apr 21, 2011; SR-CHX-2011-04 – Approval of Proposed Rule Change to Add the CHX Only Order Type
• NASDAQ BX Update
  • May 06, 2011; SR-BX-2010-059 – Order Granting Approval of Proposed Rule Change and Amendment No. 1 Thereto and Notice of Filing and Order Granting Accelerated Approval to Amendment No. 2 Thereto to Create a Listing Market on the Exchange
• NYSE Updates
  • Apr 25, 2011; SR-NYSEAmex-2011-25, SR-NYSE-2011-18 – Approval of Proposed Rule Change to Amend Rule 72(d) Regarding Agency Cross Transactions
• Additional FINRA Updates
  • May 04, 2011; SR-FINRA-2011-019 – Approval of Proposed Rule Change to Rename the OTC Bulletin Board in the FINRA Rulebook
• Next Meeting Date: Jun 21 @ 4 PM ET