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For Your Information (February)

For Your Information

National Association of Securities Dealers, Inc.

February 1989

Series 7 Test Date and Site Changes in February

February Series 7 Date Change

Because of the national holiday that falls on the third weekend, the February Series 7 exam session will be conducted February 11, 1989, at all locations except:

Atlanta, GA

Minneapolis, MN

Little Rock, AR

San Francisco, CA

The locations listed above will administer the exam February 18, 1989.

Atlanta Test Site for February

The February 18, 1989, Series 7 exam in Atlanta will be held at the following location:

Ramada Inn
1-85 & Shallowford Road
Atlanta, GA

Signs will be posted in the lobby to direct candidates to the exam.

Memphis Test Site for February

The February 11, 1989, Series 7 exam in Memphis will be held at:

Holiday Inn
Overton Square
1837 Union Avenue
Memphis, TN

Signs will be posted in the lobby to direct candidates to the exam.

For information on exams, locations, or dates, contact the Information Services Department at (301) 590-6500.

Correction to Notice to Members 89-9 Re: Thanksgiving Day Trade-Settlement Schedule

Veterans Day, November 10, 1989 was incorrectly identified as a holiday in the previous issue. November 10 is considered a business/settlement date since the nation's banking institutions will not be closed in observance of Veterans Day. The corrected November holiday schedule follows.

Thanksgiving Day: Trade Date Settlement Date Schedule

Securities markets and the NASDAQ System will be closed on Thursday, November 23, 1989, Thanksgiving Day. "Regular way" transactions made on the preceding business day will be subject to the settlement date schedule listed below.

Trade Date

Settlement Date

Regulation T Date*

November 13

20

22

14

21

24

15

22

27

16

24

28

17

27

29

20

28

30

21

29

December 1

22

30

4

23

Markets Closed

24

December 1

5

The foregoing settlement dates should be used by brokers, dealers, and municipal securities dealers for purposes of clearing and settling transactions pursuant to the NASD Uniform Practice Code and Municipal Securities Rulemaking Board Rule G-12 on Uniform Practice.

Questions regarding the application of these settlement dates to a particular situation may be directed to the NASD Uniform Practice Department at (212) 858-4341.

Correction to Notice 89-6 Re: State Participation in CRD Form BD and BDW Processing

The last issue incorrectly listed the state of Arkansas as a CRD Phase II participant. The state of Arkansas will not accept the Form BD amendments and Forms BDW filed with CRD in place of an original filing made directly to the state office. Fees will not be collected through CRD. The initial BD registration fee is the same at $300

Questions regarding CRD participation should be directed to NASD Information Services at (301) 590-6500.


* Pursuant to Sections 220.8(b)(l) and (4) of Regulation T of the Federal Reserve Board, a broker-dealer must promptly cancel or otherwise liquidate a customer purchase transaction in a cash account if full payment is not received within seven (7) business days of the date of purchase or, pursuant to Section 220.8(d)(l), make application to extend the time period specified. The date by which members must take such action is shown in the column entitled "Regulation T Date."


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