Proposed Rule Change to Amend NASD Rule 11870 and New York Stock Exchange Rule 412

FINRA (f/k/a National Association of Securities Dealers, Inc. or "NASD") is filing with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to amend NASD Rule 11870 (Customer Account Transfer Contracts) and New York Stock Exchange ("NYSE") Rule 412 (Customer Account Transfer Contracts) to make the time frames in the rules for validating or taking exception to an instruction to transfer a customer's securities account assets and for completing the transfer of the assets consistent with the time frames in the Automated Customer Account Transfer Service ("ACATS") transfer cycle established by the National Securities Clearing Corporation ("NSCC").

TitleFormat - SizeStatus
Text of Proposed Rule ChangePDF - 68 KB
Federal Register NoticePDF - 61.85 KB
Approval OrderPDF - 54.22 KB