This rule is no longer applicable. NASD Rule 11000 Series has been superseded by FINRA Rule 11000 Series. Please consult the appropriate FINRA Rule.
The term "Committee" as used in this Code, unless the context otherwise requires, shall mean the Committee delegated the authority to administer this Code by the Board of Governors.*
(b) 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.
(d) 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.
(e) 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.
(f) 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.
(g) Written Notices
The term "written notice," as used in this Code, shall include a notice delivered by hand, by letter, teletype, telegraph, TWX, facsimile ("FAX") transmission or other comparable media.
* The Board of Governors has so designated the NASD's Uniform Practice Code Committee.
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.