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  • Transactions Subject to Code

    Sec. 3.  All over-the-counter transactions in securities by members, except transactions in securities which are exempted under Section 3(a)(12) of the Act, or are municipal securities as defined in Section 3(a)(29) of the Act, are subject to the provisions of the Uniform Practice Code and to the provisions of Section 2 unless exempted therefrom by the terms of the Uniform Practice Code.
    Amended by SR-NASD-97-71 eff. Jan. 15, 1998.
    Amended by SR-NASD-96-20 eff. July 11, 1996.