PART B.4 - CONFIRMATION AND RECONCILIATION REQUIREMENTS

4360. Confirmations of stock dividends receivable and stock splits

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    1. If a Dealer Member has not received the securities from a declared stock dividend or stock split within 45 business days of the date receivable, the Dealer Member must obtain written confirmation of the position receivable.

    2. If the position remains unconfirmed after 45 business days, the Dealer Member must transfer the position to its difference account.

    There is no history log for this rule.