On September 25th, the SEC granted immediate effectiveness to the Financial Industry Regulatory Authority's proposal to extend to November 30, 2010, FINRA Rule 4240 (Margin Requirements for Credit Default Swaps) an interim pilot program with respect to margin requirements for transactions in credit default swaps executed by a member (regardless of the type of account in which the transaction is booked), including those in which the offsetting matching hedging transactions are effected by the member in credit default swap contracts that are cleared through the central counterparty clearing services of the Chicago Mercantile Exchange. FINRA Rule 4240, approved by the SEC on May 22, 2009, expired on September 25, 2009. Comments should be submitted on or before October 22, 2009. SEC Release No. 34-60722.