uptick rule for short selling

Are shorting stocks subjected to the uptick rule now?

Ive read some posts saying that they are either coming back or atleast it is on the table or something. Actually not sure about its history; and whether it ever even went away. Just wanting to know what the current state of the situation is..

ref post:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=218363&highlight=prop+futures

 

There is an individual stock circuit breaker where if a stock is down 10% since the previous day's close then you can only get short at the ask price or higher for the rest of the day and all of the next day too.

 

Thanks thunderbolttr.

I was thinking and since i use mostly limit orders at ask when selling short i will enter my positions only on upticks anyways. So glad it wont effect me. Moreover i hardly touch stocks; mostly ETFs.

 

Are people with market maker designations able to get around this?

 

For those curious, here was the press release last year:
http://www.sec.gov/news/press/2010/2010-26.htm

 

I'm pretty sure they decided not to have any market maker exemption.

 

Yes. IB has implemented the uptick rule for stocks who go down 10% in a day.