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(a) Code or UPC Code
The term "Code" or "UPC Code" as used in the FINRA Rule 11000 Series shall mean the FINRA Rule 11000 Series.
The term "Committee" as used in this Code, unless the context otherwise requires, shall mean the Uniform Practice Code (UPC) Committee delegated the authority to administer this Code by the Board of Governors.
(c) Delivery Date
The term "delivery date" as used in this Code shall be used interchangeably with "settlement date" and shall mean the date designated for the delivery of securities.
The term "ex-date" as used in this Code shall mean the date on and after which the security is traded without a specific dividend or distribution.
(e) Immediate Return Receipt
The term "immediate return receipt" as used in this Code, shall mean the acknowledgement by the receiving member of a written notice and which shall be issued, upon receipt, via the media in which such notice is received.
(f) Record Date
The term "record date" as used in this Code means the date fixed by the trustee, registrar, paying agent or issuer for the purpose of determining the holders of equity securities, bonds, similar evidences of indebtedness or unit investment trust securities entitled to receive dividends, interest or principal payments or any other distributions.
(g) Trade Date
In a transaction between time zones where the bid or offer is accepted in a later time zone than that of the originator, the correct trade date shall be the day on which the dealer in the later time zone accepts the trade.
(h) Written Notices
The term "written notice," as used in this Code, shall include a notice delivered by hand, letter, facsimile transmission, electronic mail or other comparable media.
|Amended by SR-FINRA-2010-030 eff. Dec. 15, 2010.
Amended by SR-NASD-2005-089 eff. Oct. 1, 2005.
Amended by SR-NASD-91-13 eff. Nov. 1, 1991.
Amended eff. Mar. 1, 1970; Mar. 18, 1983; Aug. 13, 1990.
Selected Notice: 10-49.