Notice to Members 96-14

SEC Approves Amendments to Sections 1(a)(v) and 73 of NASD Uniform Practice Code Relating to the Use of Standardized Limited Partnership Transfer Forms

On January 29, 1996, the Securities and Exchange Commission (SEC) approved amendments to Sections 1(a)(v) and 73 of the NASD Uniform Practice Code (UPC) that requires members to use standardized limited partnership transfer forms when transferring interests in a limited partnership security. The text of amendments and the new limited partnership transfer forms follow this Notice. The use of the forms becomes mandatory on May 15, 1996. Although only NASD members are required to use the standardized forms, the NASD has worked closely with sponsors and industry groups in designing these forms and believes that general partners and transfer agents engaged in the transfer of limited partnership securities will use and honor the forms to establish uniform transfer practices and procedures industry-wide.

Questions about this Notice may be directed to Carl R. Sperapani, Assistant Director, Corporate Financing Department, at (301) 208-2759; Dorothy Kennedy, Assistant Director, Nasdaq Market Operations, at (203) 385-6243; or Robert J. Smith, Attorney, Office of General Counsel at (202) 728-8176.

Related Documents: 

DateTitleFormat - Size
Notice to Members 96-14 - Limited Partnership Transfer FormPDF - 457.37 KB