Notice N32/00

London Stock Exchange
30 May 2000



For the attention of the
chairman/senior partner/compliance officer,
all member firms                                                     N32/00

STOCK EXCHANGE NOTICE

RULE AND GUIDANCE AMENDMENTS

DOMESTIC EQUITY MARKET
RELEASE 3.1 - WORKED PRINCIPAL TRANSACTIONS AND PROTECTED PORTFOLIO
TRANSACTIONS 

1.    Stock Exchange Notice N24/00, issued on 26 April 2000, notified member
firms of the change to the timing of the closing auction period to be
introduced as part of release 3.1 of the Exchange's trading system
enhancements.  

2.     Member firms are advised that for the purposes of rule 4.73(a)(iii) the
end of normal market hours shall be the end of the closing auction process
including any price monitoring or market order extensions and random start
times.  

3.     In addition, the Exchange has amended rule 8.28(e), to clarify that
this rule does not apply where the portfolio includes order book securities. 

4.     Relevant changes to the rules and regulatory guide to SETS are attached
to this Notice and will be effective from 30 May 2000.  Rule update pages for
insertion into rule books will be issued in due course.

Andrew McStravick
Head of Market Regulation

Any comments or queries on this Notice should be addressed to Regulatory
Development, telephone [phone] (STX 33310) or 
Email: [e-mail].

This Stock Exchange Notice will be available on the website at
www.londonstockexchange.com/techlib/notices/