On May 16th, NYSE Regulation reminded members that the new market access requirements set forth in SEC Rule 15c3-5 are scheduled to go into effect on July 14, 2011, and that members and member organizations must have the required controls and procedures in place by that time. Failure to establish and enforce the risk management controls and supervisory procedures required by SEC Rule 15c3-5 may also violate Exchange Rules, including the supervisory requirements of Rule 342. NYSE Regulation Information Memo 11-13.