March 5, 1974
RULES TO AVOID DELAYS IN THE ISSUANCE OF STOCK CERTIFICATE
In the public interest and for the purpose of regulating the activities of transfer agents, brokers and clearing houses in connection with the issuance of stock certificates and expedite the release thereof to buyers, the Commission, pursuant to the powers vested in it under existing laws, hereby promulgates the following rules: Cdpr
1. There shall be Personnel Responsible for Securing Customers' Specimen Signature. — Each brokerage firm, clearing house and transfer office shall designate at least one specific employee to take charge of securing, and be the custodian of, customers' specimen signature cards.
2. Clearing House to Report to Stock Exchange Failure of Broker to Make Good Delivery. — Every broker shall see to it that firm complies with the rules requiring good deliveries to the clearing house. The clearing house shall report to the corresponding stock exchange within forty-eight (48) hours the failure of any of its members to comply with this requirement.
3. Clearing House to Make Daily Deliveries to Transfer Offices. — Every clearing...