NYSE Proposed Rule to Allow Customer Receipt of Account Statements

Published on:
June 16, 2006

The Operations Committee of the Securities Industry Association (SIA)* provides comments the Securities and Exchange Commission (SEC) on the New York Stock Exchange (NYSE) proposed rule change that would allow institutional customers conducting a Delivery versus Payment and Receive versus Payment (DVP/RVP) business not to elect to receive account statements, File No. SR-NYSE-2005-90. After the modification of certain requirement that are unnecessary, SIA would the proposal and urge prompt approval by the Commission.

*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.

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