NASD Notice to Members 99-43 - June 1999

Update on OTC Bulletin Board Eligibility Rule

Executive Summary

In Notice to Members 99-15, the National Association of Securities Dealers, Inc. (NASD®) described amendments to NASD Rules 6530 and 6540 to limit quotations on the OTC Bulletin Board® (OTCBB) to the securities of companies that report their current financial information to the Securities and Exchange Commission (SEC), banking, or insurance regulators and described when those rules would be applied to issuers trading on the OTCBB. The amendments will become effective over an 18-month period, based on the issuer’s symbol. This Notice includes the effective date schedule that has been published on the OTCBB Web Site (www.otcbb.com) since January and describes the requirements a security must meet to be quoted after it is subject to the amendments.

 

Questions regarding this Notice should be directed to Liz Heese, Product Manager, Trading and Market Services, The Nasdaq Stock Market, Inc., at (202) 728-8191; Sara Nelson Bloom, Associate General Counsel, Office of General Counsel, The Nasdaq Stock Market®, at (202) 728-8478; or Arnold Golub, Senior Attorney, Office of General Counsel, The Nasdaq Stock Market, at (202) 728- 6938.