Proposed Rule Change to Amend NASD Rule 2860 to Extend a Pilot Program that Increases Position and Exercise Limits for Certain Equity Options

FINRA (f/k/a National Association of Securities Dealers, Inc. (“NASD”)) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend Rule 2860 to extend a pilot program until March 1, 2008 increasing position and exercise limits for both standardized and conventional options.