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Re: maryl post# 6015

Wednesday, 06/13/2007 3:28:14 PM

Wednesday, June 13, 2007 3:28:14 PM

Post# of 26529

Grandfather clause eliminated.. (From another board)

Today at a SEC hearing..

Grandfather clause was voted unanimously to be eliminated. Tick test is voted unanimously to be eliminated. T+13 to set action on existing fails, 35 days is outside date to close out fails. 6 months to eliminate all existing fails. Phase out period