4430. Re-organization

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    1. A Dealer Member must have a formal procedure to identify and record the timing and terms of all issuances such as forthcoming rights and offers.

    2. A Dealer Member must have a clear method of communicating upcoming re‑organization activities to the sales force. These include deadlines for submitting special instructions in writing and any special handling procedures required for key dates.

    3. An authorized employee or department must have clear responsibility for organizing and handling each offer.

    4. A Dealer Member must clearly define procedures to balance positions daily and to physically control securities.

    5. A Dealer Member must regularly reconcile and review suspense accounts involving offers and splits.

    There is no history log for this rule.