On January 26th, the SEC published for comment proposed amendments to Rule 10b-18 under the Securities Exchange Act of 1934 which provides issuers with a "safe harbor" against liability for claims of manipulation when they repurchase their common stock in the market, provided that issuers satisfy the Rule's manner of purchase, timing, price, and volume conditions. The proposed amendments are intended to clarify and modernize the safe harbor provisions in light of market developments since Rule 10b-18's adoption in 1982. Comments should be submitted on or before March 1st, 2010. SEC Release No. 34-61414.