APPROVAL OF RULE FILING (SR-NSCC-2013-13) – DISCONTINUE NSCC’S STOCK BORROW PROGRAM
Quote:
A#: 7676
P&S #: 7346
DATE: FEBRUARY 7, 2014
TO: ALL PARTICIPANTS
ATTENTION: MANAGING PARTNER/OFFICER, OPERATIONS PARTNER/OFFICER,
COMPLIANCE OFFICER
FROM: GENERAL COUNSEL’S OFFICE
SUBJECT: APPROVAL OF RULE FILING (SR-NSCC-2013-13) – DISCONTINUE NSCC’S STOCK BORROW PROGRAM
On January 31, 2014, the Securities and Exchange Commission (“SEC”) approved1the rule filing file no. SR-NSCC-2013-13 (“Filing”), which was filed with the SEC by National Securities Clearing Corporation (“NSCC”) on December 10, 2013 pursuant to Section 19(b)(2) of the Securities Exchange Act of 1934, as amended. The Filing proposed to amend NSCC’s Rules & Procedures to discontinue its Stock Borrow Program.
The proposed rule change described in the Filing will be effective as of Friday, March 14, 2014.
The full text of the Filing may be obtained by visiting the DTCC website at www.dtcc.com.
Implementation of the proposed rule change will be announced by separate Important Notice.
Questions regarding the Filing may be addressed to your Relationship Manager.
1
See Release No. 34-71455; File No. SR-NSCC-2013-13 (January 31, 2014). Means NO MORE BORROWED SHARES,SHORTS ARE SCREWED
AI
