FINRA Manual: Contents
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99-94 Christmas Day: Trade Date—Settlement Date Schedule
Trade Date—Settlement Date
Legal & Compliance
Trading & Market Making
Holiday Trade Date— Settlement Date Schedule
The Suggested Routing function is meant to aid the reader of this document. Each NASD member firm should consider the appropriate distribution in the context of its own organizational structure.
Christmas Day: Trade Date—Settlement Date Schedule
The Nasdaq Stock Market® and the securities exchanges will be closed on Friday, December 24, 1999, in observance of Christmas 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. 20||Dec. 23||Dec. 28|
|27||30||Jan. 3, 2000|
Note: The Nasdaq Stock Market and the securities exchanges will be open on December 31, 1999, and January 3, 2000.
*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 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 titled "Reg. T Date."