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7040A. Installation, Removal, Relocation or Maintenance
This rule is no longer applicable. NASD Rule 7040A has been superseded by FINRA Rule 7530. Please consult the appropriate FINRA Rule.
ADF subscribers shall pay a minimum charge of $5,000 for installation costs associated with connecting to the ADF. Upon installation, removal, relocation or maintenance of terminal and related equipment, or combination thereof, the subscriber shall pay charges incurred by NASD or its subsidiaries above the $5,000 minimum, on behalf of the subscriber for the work being performed by the maintenance organization retained by NASD or its subsidiaries. Upon payment of $5,000 under this provision, members will receive a credit of up to $5,000 to be used toward charges imposed under Rule 7010A(a) and (b).
Amended by SR-NASD-2003-09 eff. Jan. 30, 2003.
Adopted by SR-NASD-2002-97 eff. July 29, 2002.