Form R31 Form For Reporting Covered Sales And Covered Round Turn Transactions Under Section 31 (SEC2502) {R31} | Pdf Fpdf Doc Docx | Official Federal Forms

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Form R31 Form For Reporting Covered Sales And Covered Round Turn Transactions Under Section 31 (SEC2502) {R31} | Pdf Fpdf Doc Docx | Official Federal Forms

Form R31 Form For Reporting Covered Sales And Covered Round Turn Transactions Under Section 31 (SEC2502) {R31}

This is a Official Federal Forms form that can be used for Securities And Exchange Commission.

Alternate TextLast updated: 11/6/2019

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 OMB APPROVAL OMB Number: 3235-0597 October 31, 2019 Expires: Estimated average burden hours per response. . . . . . 1.6 FORM R31 FORM FOR REPORTING COVERED SALES AND COVERED ROUND TURN TRANSACTIONS UNDER SECTION 31 OF THE SECURITIES EXCHANGE ACT OF 1934 SEC 2502 (7-04) American LegalNet, Inc. www.FormsWorkFlow.com FORM R31 INSTRUCTIONS A. EXPLANATION OF TERMS USED IN THIS FORM CHARGE DATE -- The date on which a covered sale or covered round turn transaction occurs for purposes of determining the liability of a covered SRO pursuant to Section 31 of the Securities Exchange Act of 1934 ("Exchange Act") (15 U.S.C. 78ee). The charge date is: (1) the settlement date, with respect to any covered sale (other than a covered sale resulting from the exercise of an option settled by physical delivery or from the maturation of a security future settled by physical delivery) or covered round turn transaction that a covered SRO is required to report to the Commission based on data that the covered SRO receives from a designated clearing agency; (2) the exercise date, with respect to a covered sale resulting from the exercise of an option settled by physical delivery; (3) the maturity date, with respect to a covered sale resulting from the maturation of a security future settled by physical delivery; and (4) the trade date, with respect to all other covered sales and covered round turn transactions. COVERED ASSOCIATION -- Any national securities association by or though any member of which covered sales or covered round turn transactions occur otherwise than on a national securities exchange. COVERED EXCHANGE -- Any national securities exchange on which covered sales or covered round turn transactions occur. COVERED SALE -- A sale of a security, other than an exempt sale or a sale of a security future, occurring on a national securities exchange or by or through any member of a national securities association otherwise than on a national securities exchange. COVERED ROUND TURN TRANSACTION -- A round turn transaction in a security future, other than a round turn transaction in a future on a narrow-based security index, occurring on a national securities exchange or by or through a member of a national securities association otherwise than on a national securities exchange. COVERED SRO -- A covered exchange or a covered association. DESIGNATED CLEARING AGENCY -- A clearing agency registered under Section 17A of the Exchange Act (15 U.S.C. 78q-1) that clears and settles covered sales or covered round turn transactions. EX-CLEARING TRANSACTION -- A sale of a security that clears and settles otherwise than through a designated clearing agency. EXEMPT SALE -- (1) Any sale of a security offered pursuant to an effective registration statement under the Securities Act of 1933 ("Securities Act") (except a sale of a put or call option issued by the Options Clearing Corporation) or offered in accordance with an exemption from registration afforded by Section 3(a) or 3(b) thereof (15 U.S.C. 77c(a) or 77c(b)), or a rule thereunder; (2) any sale of a security by an issuer not involving any public offering within the meaning of Section 4(2) of the Securities Act (15 U.S.C. 77d(2)); (3) any sale of a security pursuant to and in consummation of a tender or exchange offer; (4) any sale of a security upon the exercise of a warrant or right (except a put or call), or upon the conversion of a convertible security; (5) any sale of a security that is executed outside the United States and is not reported, or required to be reported, to a transaction reporting association as defined in 17 CFR 240.11Aa3-1 and any approved plan filed thereunder; (6) any sale of an option on a security index (including both a narrow-based security index and a non-narrow based security index); (7) any sale of a bond, debenture, or other evidence of indebtedness; and (viii) any recognized riskless principal sale. FEE RATE -- The fee rate applicable to covered sales under Section 31(b) or (c) of the Exchange Act (15 U.S.C. 78ee(b) or (c)), as adjusted from time to time by the Commission pursuant to Section 31(j) of the Exchange Act (15 U.S.C. 78ee(j)). NARROW-BASED SECURITY INDEX -- Has the same meaning as in Sections 3(a)(55)(B) and (C) of the Exchange Act (15 U.S.C. 78c(a)(55)(B) and (C)). PHYSICAL DELIVERY EXCHANGE-TRADED OPTION -- An option that is listed and registered on a national securities exchange and that is settled by the physical delivery of the underlying securities. QUALIFIED SPECIAL REPRESENTATIVE -- A member of a designated clearing agency that operates, has an affiliate that operates, or clears for a broker-dealer that operates, an automated execution system where the designated clearing agency member is on the contra-side of every transaction. RECOGNIZED RISKLESS PRINCIPAL SALE -- A sale of a security where all of the following conditions are satisfied: (1 ) A broker-dealer receives from a customer an order to buy (sell) a security; (2) The broker-dealer engages in two contemporaneous offsetting transactions as principal, one in which the broker-dealer buys (sells) the security from (to) a third party and the other in which the broker-dealer sells (buys) the security to (from) the customer; and (3)The Commission, pursuant to Section 19(b)(2) of the Act (15 U.S.C. 78s(b)(2)), has approved a proposed rule change submitted by the covered SRO on which the second of the two contemporaneous offsetting transactions occurs that permits that transaction to be reported as riskless. TRADE REPORTING SYSTEM -- An automated facility operated by a covered SRO used to collect or compare trade data. American LegalNet, Inc. www.FormsWorkFlow.com B. GENERAL INSTRUCTIONS 1. A covered exchange shall use Form R31 to report to the Commission, pursuant to Section 31 of the Exchange Act and Rule 31 thereunder (17 CFR 240.31), data regarding all covered sales and covered round turn transactions that: (1) occurred on the exchange; and (2) have a charge date in the month for which this form is being submitted. 2. A covered association shall use Form R31 to report to the Commission, pursuant to Section 31 of the Exchange Act and Rule 31 thereunder, data regarding all covered sales that: (1) occurred by or through any member of the association otherwise than on a national securities exchange; and (2) have a charge date in the month for which this form is being submitted. 3. Form R

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