Proposed Rule Change to Amend Uniform Practice Code Rule 11870(e)

The NASD, through its wholly owned subsidiary, NASD Regulation, Inc., has filed with the SEC a proposed rule change to amend NASD Uniform Practice Code Rule 11870(e) to require that following the validation of a transfer instruction, the carrying member must complete the transfer of customer account(s) to the receiving member within three business days instead of four business days.

TitleFormat - SizeStatus
Text of Proposed Rule ChangePDF - 21.97 KB
Approval OrderPDF - 120.49 KB