Proposed Rule Change to Adopt FINRA Rule 11000 Series (Uniform Practice Code) in the Consolidated FINRARulebook

Financial Industry Regulatory Authority, Inc. (“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 adopt the NASD Rule 11000 Series (Uniform Practice Code (“UPC”)) as FINRA rules in the consolidated FINRA rulebook, subject to certain amendments, and to delete NASD Rule 3370 (Purchases) and the following corresponding provisions in the Incorporated NYSE Rules and Interpretations: 176 (Delivery Time); 180 (Failure to Deliver); 282 (Buy-in Procedures) and its Supplementary Material paragraphs .10-.80; 291 (Failure to Fulfill Closing Contract); 292 (Restrictions on Members' Participation in Transaction to Close Defaulted Contracts); 293 (Closing Contracts in Suspended Securities); 294 (Default in Loan of Money); 387 (COD Orders) and its Supplementary Material paragraphs .10-.60; Rule 387 Interpretations /01 - /18; 430 (Partial Delivery of Securities to Customers on C.O.D. Purchases); and Rule 430 Interpretation /01.

TitleFormat - SizeStatus
Text of Proposed Rule ChangePDF - 475.17 KB
Federal Register NoticePDF - 68.73 KB
Approval OrderPDF - 68.28 KB