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.

TitleFormat - SizeStatus
Text of Proposed Rule ChangePDF - 44.6 KB
Approval OrderPDF - 62.59 KB
Amendment No. 1 to Proposed Rule ChangePDF - 245.88 KB
Amendment No. 2 to Proposed Rule ChangePDF - 230.52 KB
Federal Register NoticePDF - 62.36 KB
Corrected Federal Register NoticePDF - 47.75 KB
ExtensionPDF - 77.54 KB
Extension No. 2PDF - 77.53 KB
Extension No. 3PDF - 77.54 KB
Response to CommentsPDF - 151.78 KB