The Financial Industry Regulatory Authority, Inc. (FINRA) filed with the Securities and Exchange Commission proposed amendments to Rule 2860 (Options) to make permanent a pilot program that increases options position and exercise limits. In addition, FINRA proposes to amend NASD IM-2860-1 (Position Limits) to revise the examples that illustrate the operation of position limits with the proposed permanent position limits. The proposed rule change is substantively identical to a proposal by the Chicago Board Options Exchange recently approved by the SEC.

http://www.sec.gov/rules/sro/finra/2008/34-57413.pdf