SR-NASD-2004-044

Proposed Amendments Relating to Short Sale Delivery Requirements

NASD has filed with the SEC a proposed rule change to replace Rule 3210 and Rule 11830 with a new rule requiring that clearing firms make delivery, or take affirmative steps to make delivery, within 10 business days after settlement date for all short sale transactions. In addition, clearing firms would be required to document and report certain information to NASD within one business day of their failure to meet the 10-day delivery requirement.

Text of Proposed Rule Change (PDF 45 KB)
Amendment No. 1 to Proposed Rule Change (PDF 246 KB)
Amendment No. 2 to Proposed Rule Change (PDF 231 KB)
Federal Register Notice (PDF 63 KB)
Corrected Federal Register Notice (PDF 48 KB)
Extension (PDF 78 KB)
Extension No. 2 (PDF 78 KB)
Extension No. 3 (PDF 78 KB)
Response to Comments (PDF 152 KB)
Approval Order (PDF 63 KB)