Series 53: 6.3.5.1. Transfer Validation

6.3.5.1. Transfer Validation

The customer must send notice of transfer on MSRB’s Form G-26 to the receiving party, which will immediately forward it to the carrying party.

The carrying party has one business day to validate and return the transfer instruction to the receiving party or take exception to it. A carrying party may take exception to a transfer instruction only if:

• It has no record of the account on its books