NASD Notice to Members 99-56 - July 1999

NASD Regulation Announces CRD "System Transition Period" Immediately Preceding The Deployment Of Web CRD

Executive Summary

The new Internet-based Central Registration Depository system, Web CRDSM, will be deployed in August 1999. As NASD Regulation, Inc. (NASD Regulation®) transitions from the current CRD system to Web CRD, there will be a two-week period—System Transition Period—beginning on July 31 and ending August 15, 1999, when neither system will be available to process form filings and other registration-related transactions. This "System Transition Period" is necessary principally to allow NASD Regulation to perform the final conversions of data from the current CRD system to Web CRD. The System Transition Period also will permit NASD Regulation to receive, capture, and review the final form filings submitted on the Interim Forms, which will be replaced by the new Forms U-4, U-5, BD, and BDW. (The Securities and Exchange Commission (SEC) is considering proposed revisions to the Forms U-4, U-5, and BD; the proposed new forms are expected to become effective on or about August 1, 1999. The SEC adopted revised Form BDW with an effective date of August 1, 1999.)

 

Questions concerning this Notice may be directed to Ann E. Bushey, Assistant Director, CRD/Public Disclosure, NASD Regulation, at (301) 590-6389; Mary M. Dunbar, Assistant General Counsel, Office of General Counsel, NASD Regulation, at (202) 728-8252; or Richard E. Pullano, Associate Director and Counsel, CRD/Public Disclosure, NASD Regulation, at (301) 212-3789