(b) Each member and member organization shall maintain written policies and procedures, administered pursuant to the internal control requirements prescribed under
[Rule 342].23, specifically with respect to the following activities:
(1) Transmittals of funds (e.g., wires, checks, etc.) or securities:
(i) from customer accounts to third party accounts (i.e., a transmittal that would result in a change of beneficial ownership.);
(ii) from customer accounts to outside entities (e.g., banks, investment companies, etc.);
(iii) from customer accounts to locations other than a customer's primary residence (e.g., post office box, "in care of" accounts, alternate address, etc.);
(iv) between customers and registered representatives (including the hand-delivery of checks).
(2) Customer changes of address.
(3) Customer changes of investment objectives.
The policies and procedures required under (b)(1), (2), and (3) above must include a means/method of customer confirmation, notification, or follow-up that can be documented.
