here is the question of the day what idiot who calls himeslf or herslef an editor would leave the day the change takes effect out of the article. Even if they did not issue a day yet they should say the sec as of time of article print has not set the day the rule change will go into effect.
"short positions previously protected by the grandfather clause must be closed out within 35 days." Problem is that most of the companies previously "protected" are now long gone. But, we all know that was the reason for the clause in the first place; to buy enough time so that Shorty wouldn't suffer financial loss. We wouldn't want that, would we?