On October 10, 2008 the SEC announced that it was re-opening the comment period on proposed Securities Act Rule 151A and proposed Exchange Act Rule 12h-3 for an additional 30 days. Prior to conclusion of the initial comment period on September 10, 2008, the SEC had received, but did not act on, numerous requests to extend the Rule 151A comment period. The stated reason for the extension was “to provide additional time for the public to thoroughly consider the proposal.” The extended comment period ended November 17, 2008, 30 days following the publication of the SEC release in the Federal Register.