March 13, 1995
TO: MEMBERS - ONE PER COMPLEX No. 33-95
SEC RULES COMMITTEE No. 40-95
OPERATIONS COMMITTEE No. 14-95
TRANSFER AGENT ADVISORY COMMITTEE No. 18-95
UNIT INVESTMENT TRUST COMMITTEE No. 29-95
RE: SEC DELAYS EFFECTIVE DATE OF NON-SIPC DISCLOSURE
REQUIREMENT
______________________________________________________________________________
At the Institute’s recommendation, the SEC has delayed the effective date of the
requirement that disclosure be included on the confirmation statement that the broker or dealer
transmitting the confirm or clearing or carrying the customer account is not a member of the
Securities Investor Protection Corporation (SIPC), if such is the case. The effective date has
been delayed from April 3, 1995 to October 3, 1995. Attached is the relevant portion of the
Commission’s release.
Amy B.R. Lancellotta
Associate Counsel
Attachment