Upcoming OATS Educational Offerings

NASD is offering a variety of educational programs over the spring and summer to assist firms with the implementation of OATS Phase III.  These programs will include events covering general Phase III information relevant to all OATS reporting members as well as events designed specifically for smaller firms that plan to use the new Phase III Reporting Tool in the OATS Web Interface.

 

OATS Open Houses


NASD OATS staff will host a series of open houses in Washington DC to provide firms with an opportunity to hear updates on Phase III, receive guidance on firm's compliance and supervisory obligations, obtain information on the new Phase III Reporting Tool, and ask questions of the staff.  These open houses are free of charge.  Each open house will include a presentation on general OATS Phase III issues followed by a question and answer session.  The second part of the program will include a demonstration of the new Phase III Reporting Tool.  Finally, staff will be available throughout the event to answer questions.

 

Scheduled Dates

 

  • Monday, May 22, 2006 10 a.m.-12 noon, Sofitel Hotel, Washington, DC 
  • Monday, June 12, 2006  10 a.m.-12 noon, Sofitel Hotel, Washington DC
  • Friday, July 28, 2006 10 a.m.-12 noon, Hilton Washington Hotel, Washington DC

 

OATS Phase III Reporting Tool


In conjunction with OATS Phase III, NASD is enhancing the existing OATS Web Interface to add new functionality and improve usability.  The new Phase III Reporting Tool has been specifically designed with the goal of reducing significantly the electronic recording and reporting burden for small members.  As firms may be aware, NASD has granted an exemption from the OATS recording and reporting requirements for a period of six months to members meeting specified criteria.  During the six-month exemption period, NASD will be evaluating the new OATS Phase III Reporting Tool to determine whether it reduces significantly the electronic recording and reporting burden for small members.  The availability of an effective OATS Web Interface reporting tool will be a major factor in NASD's decision to grant exemptions after the six-month exemptive period expires.  For this reason, NASD strongly recommends that members granted an exemption test the new Phase III Reporting Tool.  The following events are open to all firms to help them evaluate whether the new Reporting Tool may be an effective reporting tool for them in the future.
 
To help firms understand the new Phase III Reporting Tool, NASD staff is offering Phase III Reporting Tool Demo Road Shows in selected cities.  As stated above, these events are designed for smaller firms with limited order volume.

 

Web Demo Road Shows Scheduled Dates

 

  • Tuesday, June 13, 2006, 10am - 12pm - Dallas, TX 
  • Thursday, June 15, 2006, 10am - 12pm  - Chicago, IL
  • Friday, June 23, 2006, 10am - 12pm - Seattle, WA
  • Wednesday, June 28, 2006 2pm-4pm - New York, NY  

 

Please contact the OATS Helpdesk at 1-800-321-NASD for more information.  

 

Registration Information and Details

 

Location Date Time Hotel Address
Dallas

Tuesday

6/13/2006

10am - 12pm 

Marriott Suites Dallas

Market Center

2493 North Stemmons Freeway

Dallas, TX   75207

(214) 905-0050

Chicago 

Thursday

6/15/2006

10am - 12pm  Marriott Downtown

 540 N. Michigan Ave

Chicago, IL  60611

(312) 836-0100

Seattle

Friday

6/23/2006

10am - 12pm W Seattle

1112 Fourth Avenue

Seattle, WA 98101 

(206) 264-6000

New York 

Wednesday

6/28/2006

2pm-4pm  The Regency Hotel

540 Park Avenue

New York, NY  10021

(212) 759-4100

Washington DC

Monday

5/22/2006

10am-12pm Sofitel

806 15th Street, NW

Washington, DC   20005 

(202) 730-8800

Washington DC

Monday

6/12/2006

10am - 12pm Sofitel

806 15th Street, NW

Washington, DC   20005 

(202) 730-8800

Washington DC

Friday

7/28/2006

10am - 12pm  Hilton Washington

1919 Connecticut Ave, NW

Washington, DC 20009

(202) 483-3000