was jp morgan exempted ..., page-5

this is all i can source:

Short-selling Emergency Order in Release No. 34-58190

Just three days after taking an unprecedented action to clamp down on short selling, the Securities and Exchange Commission issued Release No. 34-58190, Amendment to Emergency Order Pursuant To Section 12(k)(2) of the Securities Exchange Act of 1934 Taking Temporary Action to Respond to Market Developments, on July 18, 2008.

The release amends the emergency order issued on July 15 in Release No. 34-58166, Emergency Order Pursuant To Section 12(k)(2) of the Securities Exchange Act of 1934 Taking Temporary Action to Respond to Market Developments, by granting an exception to the brokers that are the market makers in the 19 stocks covered by the order:

* BNP Paribas,
* Bank of America Corp.,
* Barclays PLC,
* Citigroup Inc.,
* Credit Suisse Group,
* Daiwa Securities Group Inc.,
* Deutsche Bank Group AG,
* Allianz SE,
* Goldman Sachs Group Inc.,
* Royal Bank,
* HSBC Holdings PLC,
* J. P. Morgan Chase & Co.,
* Lehman Brothers Holdings Inc.,
* Merrill Lynch & Co.,
* Mizuho Financial Group Inc.,
* Morgan Stanley,
* UBS AG,
* Freddie Mac, and
* Fannie Mae.

Under Release No. 34-58166, which becomes effective July 21, anyone entering a short sale order on one of the 19 stocks covered must arrange beforehand to borrow the securities and deliver them at settlement.

The amendments in Release No. 34-58190 exempt market makers in the common stocks and derivatives, such as options, of the 19 companies. Market makers in exchange traded funds that include one or more of the 19 companies as a component are also exempt. According to the SEC, the exemptions will allow brokers to fill customer orders.

In addition, the order does not apply to short sales of the affected companies under Rule 144 of the Securities Act of 1933. Also exempt from the order are short sales by underwriters in connection with an over-allotment of securities, or any lay-off sale through a rights or a standby underwriting commitment.