Rule 3b-1. Definition of "Listed." DEFINITIONS The term "listed" means admitted to full trading privileges upon application by the issuer or its fiscal agent or, in the case of the securities of a foreign corporation, upon application by a banker engaged in distributing them; and includes securities for which authority to add to the list on official notice of issuance has been granted. Rule 3b-2. Definition of “Officer." The term "officer" means a president, vice presi dent, treasurer, secretary, comptroller, an other person who performs for an issuer, v incorporated or unincorporated, functions responding to those performed by the for officers. mi an ch of ΠΟ let ge Rule 3b-3. Definition of "Short Sale." REGISTRATION AND EXEMPTION OF EXCHANGES Rule 6a-1. Form of Application and Amendments. (a) An application of an exchange for registration as a national securities exchange, or for exemption from such registration, shall be made in duplicate on Form 1, each of which shall be accompanied by the statement and exhibits prescribed to be filed in connection therewith. (b) An amendment to such application shall be made in duplicate on Form 1-A, and each amendment shall be dated and numbered in order of filing. (c) Promptly after the discovery that any information in the statement, any exhibit, or any amendment was inaccurate when filed, the exchange shall file with the Commission an amendment correcting such inaccuracy. (d) Whenever the number of changes to be reported in an amendment, or the number of amendments filed, are so great that the purpose of clarity will be promoted by the filing of a new complete statement and exhibits, an exchange may, at its election, or shall, upon request of the Commission, file as an amendment a complete new statement together with all exhibits which are prescribed to be filed in connection with Form 1. Rule 6a-2. Annual Amendments to Registration Statement or Exemption Statements of Exchanges. Prior to June 30 of each year each exchange registered as a national securities exchange or exempted from such registration shall file an annual amendment setting forth: (a) All changes, and the effective dates there of, which have been effected in any of the mation contained or incorporated in the ment, or in exhibits A (1), A (2), A (313) and D, and which have not previously be ported in an annual amendment. Such in ment shall bring the statement and exhibits! A (2), A (3), B, C, and D up to date as latest practicable date within one month date on which the amendment is filed. E event that no changes have occurred in g this material during the period covered amendment, a statement to that effect shall forth in the amendment. for (b) Complete exhibits E and F as of the of the latest fiscal year of the exchange, each affiliate and subsidiary listed in ans item 8 of the statement. In the event the hibit F is inapplicable to the exchange reason that it has no affiliate or subsidiary amendment shall include a statement to effect in lieu of the information called fur exhibit F. (c) Complete exhibits G, H, I, J, K, L KL M. The information contained in these e shall be up to date as of the latest practicab within 3 months of the date on which the amendment is filed. Rule 6a-3. Supplemental Material. Each exchange registered as a national ties exchange or exempted from such regist shall furnish the following supplemental m of the (a) Within 10 days after any action is which renders no longer accurate any formation contained or incorporated in the R lis 12 1 Pa R or in any exhibit (except exhibits E, F, L, [), or in any amendment thereto, the exshall file with the Commission written ation in triplicate setting forth the nature action and the effective date thereof. Such ation may be filed either in the form of a or in the form of a notice made generally ble to members of the exchange. file with the Commission 3 copies of such material. (c) Within 15 days after the end of each calendar month, the exchange shall file with the Commission a report concerning the securities sold on such exchange during such calendar month, setting forth: (1) the number of shares of stock sold and the aggregate dollar amount thereof; Within 10 days after issuing or making lly available to members of the exchange aterial (including notices, circulars, bulleists, periodicals, etc.) the exchange shall XEMPTION OF CERTAIN SECURITIES FROM THE OPERATION OF SECTION 7 (c) (2) (2) the principal amount of bonds sold and the aggregate dollar amount thereof; and (3) the number of units of rights and warrants sold and the aggregate dollar amount thereof. 7c2-1. Exemption from Section 7 (c) (2) Certain Securities Exempted From Regtration or Admitted to Trading on ExLanges Exempted From Registration. So long as any security continues to be on a national securities exchange as a y exempted from the operation of section , pursuant to a rule which specifically prothat this rule shall be applicable to such y, such security shall be exempt from the ion of section 7 (c) (2) to the extent neceso render lawful any direct or indirect ex1 or maintenance of credit thereon or any or indirect arrangement therefor which not have been unlawful if such security had been a security (other than an exempted security) registered on a national securities exchange. (b) So long as any security which is not registered on a national securities exchange continues to be admitted to either listed or unlisted trading privileges on any exchange which is exempted from registration as a national securities exchange, such security shall be exempt from the operation of section 7 (c) (2) to the extent necessary to render lawful any direct or indirect extension or maintenance of credit thereon or any direct or indirect arrangement therefor which would not have been unlawful if such security had been a security (other than an exempted security) registered on a national securities exchange. HYPOTHECATION OF CUSTOMERS' SECURITIES 8c-1. Hypothecation of Customers' Serities. General provisions.-No member of a nasecurities exchange, and no broker or dealer ansacts a business in securities through the m of any such member shall, directly or etly, hypothecate or arrange for or permit tinued hypothecation of any securities caror the account of any customer under cir ances that will permit the commingling of securi- such member, broker or dealer under a lien for a loan made to such member, broker or dealer; or (3) that will permit securities carried for the account of customers to be hypothecated, or subjected to any lien or liens or claim or claims of the pledgee or pledgees, for a sum which exceeds the aggregate indebtedness of all customers in respect of securities carried for their accounts; except that this clause shall not be deemed to be violated by reason of an excess arising on any day through the reduction of the aggregate indebtedness of customers on such day, provided that funds or securities in an amount sufficient to eliminate such excess are paid or placed in transfer to pledgees for the purpose of reducing the sum of the liens or claims to which securities carried for the account of customers are subjected as (1) the term "customer" shall not be deemed to include any general or special partner or any director or officer of such member, broker or dealer, or any participant, as such, in any joint, group or syndicate account with such member, broker or dealer or with any partner, officer, or director thereof; (2) the term "securities carried for the account of any customer" shall be deemed to mean: (i) securities received by or on behalf of such member, broker or dealer for the account of any customer; (ii) securities sold and appropriated by such member, broker or dealer to a customer, except that if such securities were subject to a lien when appropriated to a customer they shall not be deemed to be "securities carried for the account of any customer" pending their release from such lien as promptly as practicable; (iii) securities sold, but not appropriated, by such member, broker or dealer to a customer who has made any payment therefor, to the extent that such member, broker or dealer owns and has received delivery of securities of like kind, except that if such securities were subject to a lien when such payment was made they shall not be deemed to be "securities carried for the account of any customer" pending their release from such lien as promptly as practicable; (3) "aggregate indebtedness" shall not be deemed to be reduced by reason of uncollected items. In computing aggregate indebtedness, related guaranteed and guarantor accounts shall be treated as a single account and considered on a consolidated basis, and balances in accounts carrying both long and short positions shall be adjusted by treating the market value of the securities required to cover such short positions as though such market value were a debit; and tomers of a member, broker or dealer are fo any rehypothecation of such securities by ut member, broker or dealer who is subject rule or to Rule 15c2-1 shall be disregard N S ca th CO th (c) Exemption for cash accounts-Tun visions of paragraph (a) (1) hereof st apply to any hypothecation of securities for the account of a customer in a speci account within the meaning of section 4 Regulation T of the Board of Governors Federal Reserve System, provided that s fore the completion of the transaction of p of such securities for, or of sale of such R to, such customer, written notice is given or such customer disclosing that such s are or may be hypothecated under circums which will permit the commingling there securities carried for the account of othe tomers. The term "the completion of the 4 action" shall have the meaning given to su by Rule 15c1-1 (b). (d) Exemption for clearing house The provisions of paragraphs (a) (2), ( and (f) hereof shall not apply to any lien cr of the clearing corporation, or similar depar or association, of a national securities exc for a loan made and to be repaid on the s endar day, which is incidental to the clear transactions in securities or loans through sa poration, department, or association, Pr however, That for the purpose of paragr (3) hereof, "aggregate indebtedness of al mers in respect of securities carried for the counts" shall not include indebtedness in resp any securities subject to any lien or claim exe by this paragraph. (e) Exemption for certain liens on secu of noncustomers.-The provisions of par (a) (2) hereof shall not be deemed to preven member, broker, or dealer from permitting curities not carried for the account of a CS. to be subjected (i) to a lien for a loan made securities carried for the account of custome (i) to a lien for a loan made and to be re the same calendar day. For the purposes exemption, a loan shall be deemed to be against securities carried for the account of tomers" if only securities carried for the a 育 Somers are used to obtain or to increase such r as substitutes for other securities carried > account of customers. Notice and certification requirements.son subject to this section shall hypothecate curity carried for the account of a customer at or prior to the time of each such hypothehe gives written notice to the pledgee that urity pledged is carried for the account of ɔmer and that such hypothecation does not vene any provision of this rule, except the case of an omnibus account the member, 10a-1. Short Sales. broker or dealer for whom such account is carried may furnish a signed statement to the person carrying such account that all securites carried therein by such member, broker or dealer will be securities carried for the account of his customers and that the hypothecation thereof by such member, broker or dealer will not contravene any provision of this rule. The provisions of this paragraph shall not apply to any hypothecation of securities under any lien or claim of a pledgee securing a loan made and to be repaid on the same calendar day. SHORT SALES No person shall, for his own account or e account of any other person, effect on a al securities exchange a short sale of any ty (1) below the price at which the last hereof, regular way, was effected on such nge, or (2) at such price unless such price >ve the next preceding different price at a sale of such security, regular way, was ed on such exchange. In determining the at which a short sale may be effected after rity goes ex-dividend, ex-right, or ex- any distribution, all sale prices prior to the "ex" nay be reduced by the value of such distribu No member of a national securities exe shall, by the use of any facility of such nge, execute any sell order unless such order rked either "long" or "short." No member of a national securities exe shall mark a sell order "long" unless (1) curity to be delivered after sale is carried in count for which the sale is to be effected, or ich member is informed that the seller owns ecurity ordered to be sold and, as soon as is le without undue inconvenience or expense, leliver the security owned to the account for the sale is to be effected. The provisions of paragraph (a) hereof not apply to― Any sale by any person, for an account in a he has an interest, if such person owns the ity sold and intends to deliver such security on as is possible without undue inconvenience pense; (2) Any member in respect of a sale, for an account in which he has no interest, pursuant to an order to sell which is marked "long": (3) Any sale of an odd-lot; (4) Any sale by an odd-lot dealer to offset odd. lot orders of customers; (5) Any sale by an odd-lot dealer to liquidate a long position which is less than a round lot, provided such sale does not change the position of such odd-lot dealer by more than the unit of trading; (6) Any sale of a security on a national securities exchange effected with the approval of such exchange which is necessary to equalize the price of such security thereon with the current price of such security on another national securities exchange which is the principal exchange market for such security; (7) Any sale of a security for a special arbitrage account by a person who then owns another security by virtue of which he is, or presently will be, entitled to acquire an equivalent number of securities of the same class as the securities sold; provided such sale, or the purchase which such sale offsets, is effected for the bona fide purpose of profiting from a current difference between the price of the security sold and the security owned and that such right of acquisition was originally attached to or represented by another security or was issued to all the holders of any class of securities of the issuer; (8) Any sale of a security on a national securities exchange effected for a special international arbitrage account for the bona fide purpose of profiting from a current difference between the desirability of making available such information or documents. Rule 0-5. Reference to Rule by Obsolete Designation. Wherever in any rule, form, or instruction book specific reference is made to a rule by number or other designation which is now obsolete, such reference shall be deemed to be made to the corresponding rule or rules in these General Rules and Regulations. Rule 0-6. Disclosure Detrimental to the National Security. (a) Any requirement to the contrary notwithstanding, no application for registration, report, proxy statement or other document filed with the Commission or any securities exchange shall contain any document or information that has been classified or determined by an appropriate department or agency of the United States to require protection in the interests of national defense. (b) Where a document is omitted pursuant to paragraph (a) hereof, there shall be filed, in lieu of such document, a statement from an appropriate department or agency of the United States to the effect that such document has been classified or that the status of such document is awaiting determination. Where a document is omitted pursuant to paragraph (a) hereof, but information relating to the subject-matter of such document is nevertheless included in material filed with the Commission pursuant to a determination of an appropriate department or agency of the United States that disclosure of such information would not be contrary to the interests of national defense, a statement to that effect shall be submitted for the information of the Commission. (c) The Commission may protect any information in its possession which may require classification in the interests of national defense pending determination by an appropriate department or agency as to whether such information should be classified. Rule 0-7. Consent to Service of Process To Be Furnished by Non-resident Investment Advisers and by Non-resident Investment General Partners or Managing Agents of Investment Advisers. (a) Each non-resident investment adviser registered or applying for registration pursuant to no d. W 07 Section 203 of the Investment Advisers A pl 1940, each non-resident general partner of vestment adviser partnership which is regis or applying for registration, and each an dent managing agent of any other unincorp ef investment adviser which is registered or ing for registration, shall furnish to the Cap sion, in a form prescribed by or acceptable written irrevocable consent and power of a which (1) designates the Securities and Ex Commission as an agent upon whom may be any process, pleadings, or other papers i civil suit or action brought in any approf court in any place subject to the jurisdiction United States, where the cause of action crues on or after the effective date of th (ii) arises out of any activity, in any place b to the jurisdiction of the United States, oc in connection with the conduct of business investment adviser, and (iii) is founded, de or indirectly, upon the provisions of the Sec Act of 1933, the Securities Exchange Act of the Trust Indenture Act of 1939, the Inve Company Act of 1940, the Investment Ap Act of 1940, or any rule or regulation under of said Acts; and (2) stipulates and agre any such civil suit or action may be commenc the service of process upon the Commissio the forwarding of a copy thereof as provide paragraph (c) of this rule, and that the ser aforesaid of any such process, pleadings, or papers upon the Commission shall be take held in all courts to be as valid and binding s due personal service thereof had been made. (b) The required consent and power of a shall be furnished to the Commission with: following period of time: (1) Each non-resident investment adviser tered at the time this rule becomes effective each non-resident general partner or mar agent of an unincorporated investment registered at the time this rule becomes efe shall furnish such consent and power of at within 60 days after such date; (2) Each investment adviser applying registration after the effective date of the shall furnish, at the time of filing such tion, all the consents and powers of attore quired to be furnished by such investment a and by each general partner or managing thereof; Provided, however, That where |