Reminder: The Securities and Exchange Commission’s Emergency Order banning short selling in financial institutions’ securities will expire at 11:59 p.m. ET on Wednesday, Oct. 8, 2008, in line with the Commission’s announcement that it would end the ban on the third business day after the enactment of the Emergency Economic Stabilization Act of 2008, which was signed by President Bush on Oct. 3.

Meanwhile, the temporary requirement that institutional money managers report to the SEC their new short sales of certain publicly traded securities, and the hard T+3 close-out requirement for naked short selling and penalties for violation, including prohibition of further short sales without mandatory pre-borrow, are expected to continue as interim final rules while the SEC works to make them final.