On December 5, the Securities and Exchange Commission approved amendments to NASD Rule 2220, Options Communications with the Public, that were proposed by the Financial Industry Regulatory Authority (FINRA) to provide greater consistency with FINRA’s general rules on communications with the public. The amendments: (i) conform, to the extent appropriate, definitions and terminology across FINRA’s communications rules; (ii) change the requirements for principal review of correspondence regarding options to match the requirements for correspondence generally; and (iii) update standards for the content of communications made prior to delivery of the options disclosure document. These amendments will take effect on March 4, 2009.