HelpFINRA Manual: Contents
FINRA Manual
Corporate Organization Notices
1995
95-104 Expanded Sign-In Procedures At The PROCTOR Centers, Effective February 1, 1996; And PROCTOR Adds Remote Delivery Sites
95-103 SEC Approves A Policy That Delegates Authority To The NASD Staff And The NASD Fixed Income Committee To Review Member Requests For Exemptions From MSRB Rule G-37(b)
95-101 Mail Vote—NASD Solicits Member Vote On Amendments To The NASD By-Laws To Reconfigure The NASD Board And Establish A National Nominating Committee;
95-88 Treasury Delays Effective Date Of Wire Transfer Recordkeeping Requirements Until April 1, 1996; Proposes Clarifying Amendments
95-85 Clarification Of NASD Notice to Members 95-16 And NYSE Information Memorandum 95-16: Content And Enforcement Of Provisions In Customer Agreements And Predispute Arbitration Clauses
95-83 SEC Approves Rules Permitting Arbitration Participants To Seek Injunctive Relief From Arbitrators
95-81 SEC Approves Rules For Reporting Customer Complaint Information; Special NASD Notices to Members
95-80 NASD Further Explains Members Obligations And Responsibilities Regarding Mutual Funds Sales Practices
95-76 SEC Permits NASD To Discipline Members And Associated Persons Who Fail To Honor Arbitration Or Mediation Settlement Agreements
95-73 NASD Requests Comment On Member Obligations To File Certain Exchange Offers That Result In Public Distributions;
95-69 Treasury Amends Bank Secrecy Act; Requires Additional Recordkeeping Requirements For Wire Transfers
95-64 SEC Approves Amendments To Article III, Section 34 Of The NASD Rules Of Fair Practice And Part I Of Schedule D To The NASD By-Laws Relating To Limited Partnership Rollup Transactions
95-63 SEC Approves Amendments To Article III, Section 34 Of The NASD Rules Of Fair Practice Relating To Freely Tradeable Direct Participation Program Securities
95-61 Mail Vote—NASD Solicits Member Vote On Amendments To The By-Laws To Include Statutory Disqualification Provisions Adopted By Congress;
95-56 NASD Files With The SEC Proposals Related To Non-Cash Incentive Programs, Disclosure Of Cash Compensation, And Direct Payments To Associated Persons
95-54 SEC Approves Amendments To Article III, Section 21 Of The NASD Rules Of Fair Practice Relating To Cold-Calling Requirements
95-50 Availability Of New Qualification Examination For Registered Options Limited Representative (Series 42)
95-47 SEC Approves NASD Proposal To Raise Position Limits For Certain Equity Securities Not Subject To Standardized Options Trading
95-45 SEC Approves Amendments To NASD Interpretation Of Forwarding Of Proxy And Other Materials Under Article III, Section 1 Of The Rules Of Fair Practice
95-44 Request For Comments On Proposed Amendments To The Exception To The Qualified Independent Underwriter Requirement In Schedule E To The NASD By-Laws;
95-37 SEC Approves NASD Proposal Amending The Foreign-Associate Provisions Of Schedule C To The NASD By-Laws
95-36 SEC Approves T+3-Related Amendments To The NASD Uniform Practice Code And Rules Of Fair Practice
95-33 Mail Vote—NASD Solicits Member Vote On Measures To Discipline Members And Registered Persons For Failing To Honor Arbitration And Mediation Settlement Agreements; Last Voting Date: June 15, 1995
95-29 Treasury Approves Amendments To Capital Requirements Under The Government Securities Act Of 1986
95-28 Treasury Provides Government Securities Broker/Dealers With Exemptive Relief In Calculating Haircuts For Options On Certain Mortgage-Backed Securities
95-24 SEC Approves Recordkeeping And Reporting Requirements For Trading Systems Operated By Broker/Dealers
95-22 SEC Approves Amendments To Article III, Section 44 Of The NASD Rules Of Fair Practice About Filing Requirements For Modified Guaranteed Annuity And Life Insurance Contracts
95-21 Request For Comments On Proposed Suitability Obligations To Institutional Customers Interpretation;
95-20 NASD Solicits Member Comment On Proposals For Comprehensive Improvements To The Regulation And Operation Of The Nasdaq Stock Market;
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95-107 Trade Date-Settlement Date Schedule For 1996
| SUGGESTED ROUTING |
Internal Audit
|
Martin Luther King, Jr., Day: Trade Date-Settlement Date Schedule
The schedule of trade dates-settlement dates below reflects the observance by the financial community of Martin Luther King, Jr., Day, Monday, January 15, 1996. On January 15, 1996, The Nasdaq Stock MarketSM and the securities exchanges will be open for trading. However, it will not be a settlement date because many of the nation's banking institutions will be closed.
|
Trade Date |
Settlement Date |
Reg. T Date* |
|
Jan. 5 |
Jan. 10 |
Jan. 12 |
|
8 |
11 |
15 |
|
9 |
12 |
16 |
|
10 |
16 |
17 |
|
11 |
17 |
18 |
|
12 |
18 |
19 |
|
15 |
18 |
22 |
|
16 |
19 |
23 |
*Pursuant to Sections 220.8(b)(1) 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 five (5) business days of the date of purchase or, pursuant to Section 220.8(d)(1), make application to extend the time period specified. The date by which members must take such action is shown in the column entitled "Reg. T Date."
Note: January 15, 1996, is considered a business day for receiving customers' payments under Regulation T of the Federal Reserve Board.
Transactions made on January 15 will be combined with transactions made on the previous business day, January 12, for settlement on January 18. Securities will not be quoted ex-dividend, and settlements, marks to the market, reclamations, and buy-ins and sell-outs, as provided in the Uniform Practice Code, will not be made and/or exercised on January 15.
Presidents' Day: Trade Date-Settlement Date Schedule
The Nasdaq Stock Market and the securities exchanges will be closed on Monday, February 19, 1996, in observance of Presidents' Day, "Regular way" transactions made on the business days noted below will be subject to the following schedule:
|
Trade Date |
Settlement Date |
Reg. T Date* |
|
Feb. 12 |
Feb. 15 |
Feb. 20 |
|
13 |
16 |
21 |
|
14 |
20 |
22 |
|
15 |
21 |
23 |
|
16 |
22 |
26 |
|
19 |
Markets Closed |
- |
|
20 |
23 |
27 |
Good Friday: Trade Date-Settlement Date Schedule
The Nasdaq Stock Market and the securities exchanges will be closed on Good Friday, April 5, 1996. "Regular way" transactions made on the business days noted below will be subject to the following schedule:
|
Trade Date |
Settlement Date |
Reg. T Date* |
|
Apr. 1 |
Apr. 4 |
Apr. 9 |
|
2 |
8 |
10 |
|
3 |
9 |
11 |
|
4 |
10 |
12 |
|
5 |
Markets Closed |
- |
|
8 |
11 |
15 |
Memorial Day: Trade Date-Settlement Date Schedule
The Nasdaq Stock Market and the securities exchanges will be closed on Monday, May 27, 1996, in observance of Memorial Day. "Regular way" transactions made on the business days noted below will be subject to the following
|
Trade Date |
Settlement Date |
Reg. T Date* |
|
May 21 |
May 24 |
May 29 |
|
22 |
28 |
30 |
|
23 |
29 |
31 |
|
24 |
30 June |
3 |
|
27 |
Markets Closed |
- |
|
28 |
31 |
4 |
Independence Day: Trade Date-Settlement Date Schedule
The Nasdaq Stock Market and the securities exchanges will be closed on Thursday, July 4, 1996, in observance of Independence Day. "Regular way" transactions made on the business days noted below will be subject to the following schedule:
|
Trade Date |
Settlement Date |
Reg. T Date* |
|
June 28 |
July 3 |
July 8 |
|
July 1 |
5 |
9 |
|
2 |
8 |
10 |
|
3 |
9 |
11 |
|
4 |
Markets Closed |
- |
|
5 |
10 |
12 |
Labor Day: Trade Date-Settlement Date Schedule
The Nasdaq Stock Market and the securities exchanges will be closed on Monday, September 2, 1996, in observance of Labor Day. "Regular way" transactions made on the business days noted below will be subject to the following
|
Trade Date |
Settlement Date |
Reg. T Date* |
|
Aug. 27 |
Aug. 30 |
Sept. 4 |
|
28 Sept. |
3 |
5 |
|
29 |
4 |
6 |
|
30 |
5 |
9 |
|
Sept. |
2 Markets Closed |
- |
|
3 |
6 |
10 |
Columbus Day: Trade Date-Settlement Date Schedule
The schedule of trade dates-settlement dates below reflects the observance by the financial community of Columbus Day, Monday, October 14, 1996. On this day, The Nasdaq Stock Market and the securities exchanges will be open for trading. However, it will not be a settlement date because many of the nation's banking institutions will be closed.
|
Trade Date |
Settlement Date |
Reg. T Date* |
|
Oct. 7 |
Oct. 10 |
Oct. 14 |
|
8 |
11 |
15 |
|
9 |
15 |
16 |
|
10 |
16 |
17 |
|
11 |
17 |
18 |
|
14 |
17 |
21 |
|
15 |
18 |
22 |
Note: October 14, 1996, is considered a business day for receiving customers' payments under Regulation T of the Federal Reserve Board.
Transactions made on Monday, October 14, will be combined with transactions made on the previous business day, October 11, for settlement on October 17. Securities will not be quoted ex-dividend, and settlements, marks to the market, reclamations, and buy-ins and sell-outs, as provided in the Uniform Practice Code, will not be made and/or exercised on October 14.
Veterans' Day And Thanksgiving Day: Trade Date-Settlement Date Schedule
The schedule of trade dates-settlement dates below reflects the observance by the financial community of Veterans' Day, Monday, November 11, 1996, and Thanksgiving Day, Thursday, November 28, 1996. On Monday, November 11, The Nasdaq Stock Market and the securities exchanges will be open for trading. However, it will not be a settlement date because many of the nation's banking institutions will be closed in observance of Veterans' Day. All securities markets will be closed on Thursday, November 28, in observance of Thanksgiving Day.
|
Trade Date |
Settlement Date |
Reg. T Date* |
|
Nov. 5 |
Nov. 8 |
Nov. 12 |
|
6 |
12 |
13 |
|
7 |
13 |
14 |
|
8 |
14 |
15 |
|
11 |
14 |
18 |
|
12 |
15 |
19 |
|
22 |
27 |
Dec. 2 |
|
25 |
29 |
3 |
|
26 |
Dec. 2 |
4 |
|
27 |
3 |
5 |
|
28 |
Markets Closed |
- |
|
29 |
4 |
6 |
Note:November 11, 1996, is considered a business day for receiving customers' payments under Regulation T of the Federal Reserve Board.
Transactions made on November 11 will be combined with transactions made on the previous business day, November 8, for settlement on November 14. Securities will not be quoted ex-dividend, and settlements, marks to the market, reclamations, and buy-ins and sell-outs, as provided in the Uniform Practice Code, will not be made and/or exercised on November 11.
Christmas Day And New Year's Day: Trade Date-Settlement Date Schedule
The Nasdaq Stock Market and the securities exchanges will be closed on Wednesday, December 25, 1996, in observance of Christmas Day, and Wednesday, January 1, 1997, in observance of New Year's Day. "Regular way" transactions made on the business days noted below will be subject to the following schedule:
|
Trade Date |
Settlement Date |
Reg. T Date* |
|
Dec. 19 |
Dec. 24 |
Dec. 27 |
|
20 |
26 |
30 |
|
23 |
27 |
31 |
|
24 |
30 |
Jan. 2, 1997 |
|
25 |
Markets Closed |
- |
|
26 |
31 |
3 |
|
27 |
Jan. 2, 1997 |
6 |
|
30 |
3 |
7 |
|
31 |
6 |
8 |
|
Jan. 1, 1997 |
Markets Closed |
- |
|
2 |
7 |
9 |
Brokers, dealers, and municipal securities dealers should use the foregoing settlement dates 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 those settlement dates to a particular situation may be directed to the NASD Uniform Practice Department at (203) 375-9609.
