Regulatory Alerts2025-10-21 | Information Notice - 10/21/25Added · Updated
FINRA Reminds Firms That NSCC Has Modified the ACATS Transfer Process
FINRA reminds firms that the National Securities Clearing Corporation (NSCC) amended NSCC Rule 50 to remove the settlement preparation stage from the Automated Customer Account Transfer Service (ACATS) process. This change, which also eliminates the second day of the Fund/Serv pending acknowledgment process, became effective on October 17, 2025. FINRA Rule 11870 requires members to use automated clearing agency services for such transfers and to expedite coordination activities.
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