This emergency order was initially scheduled to terminate as of Oct. 2, 2008, but the SEC extended the order until Friday, Oct. 17, 2008, which means that absent further SEC action, institutional managers subject to this emergency order will be required to make one more filing on Form SH on Monday, Oct. 13, 2008.

Additionally, there is speculation in the industry that the SEC intends to make the ban on naked short selling and the Form SH filing requirement permanent rules. We would expect that the SEC would issue interim final regulations prior to the termination of these emergency orders if that is its intent, at which time we will review the interim final regulations and issue additional guidance.