MSRB Requests Comment on Proposed Customer Account Transfer Standards

The MSRB requested comment on its draft amendments to MSRB Rule G-26 to establish a uniform customer account transfer standard for broker-dealers. The MSRB specified that the draft amendments primarily are intended to (i) update and re-establish consistency with the National Securities Clearing Corporation Automated Customer Account Transfer Service and the rules of other Self-Regulatory Organizations, and (ii) make the transfer of customer securities account assets more flexible and efficient.

Comments on the draft amendments are due by February 17, 2017.