Rule 322. Guarantees by, or Flow Through Benefits for Members or Member Organizations
This rule is no longer applicable.
Prior written notice shall be given the Exchange whenever any member or any member organization:
(a) guarantees, endorses or assumes, directly or indirectly, the obligations or liabilities of another person; or
(b) receives flow through capital benefits in accordance with Appendix C of Rule 15c3-1 under the Securities Exchange Act of 1934.
Rule 319. Fidelity Bonds
This rule is no longer applicable. Incorporated NYSE Rule 319 has been superseded by FINRA Rule 4360. Please consult the appropriate FINRA Rule.
Rule 296. Liquidation of Securities Loans and Borrowings
This rule is no longer applicable. Incorporated NYSE Rule 296 has been superseded by FINRA Rule 4314. Please consult the appropriate FINRA Rule.
Rule 294. Default in Loan of Money
This rule is no longer applicable.
When a loan of money is not paid before 2:15 p.m. of the day upon which it becomes due, the borrower shall be considered as in default and the lender may, without notice, sell the securities pledged therefor, or so much thereof as may be necessary to liquidate the loan.
Rule 293. Closing Contracts in Suspended Securities
This rule is no longer applicable.
A contract, other than a contract governed by the rules of a Qualified Clearing Agency in securities which have been suspended from dealings on the Exchange, which has not been fulfilled according to the terms thereof may be closed in the best available market by the party thereto who is not in default.
Rule 292. Restrictions on Members' Participation in Transaction to Close Defaulted Contracts
This rule is no longer applicable.