NASD Notice to Members 00-85 - December 2000

NASD to Deduct Delinquent Corporate Financing Filing Fees from CRD Account

Executive Summary

Effective January 1, 2001, the National Association of Securities Dealers, Inc. (NASD®) will deduct delinquent Corporate Financing filing fees from funds maintained in a member's Central Registration Depository (CRDSM) account if payment is not received within 30 calendar days after the date of a second notice informing the member firm and counsel of record that Corporate Financing filing fees are due. If a payment is received prior to the established deadline, the NASD will not deduct funds from the member's CRD account. Members are responsible for replenishing the funds on deposit to ensure that there are no delays in processing registration applications or any other CRD-related obligation.

 

Questions regarding this Notice may be directed to Sheena Savoy, Corporate Financing Department, NASD Regulation, Inc., (NASD RegulationSM) at (240) 386-4645. Questions regarding the CRD Deductions Process may be directed to James Shelton, Regulator Billing/Collections Finance Department, NASD, Inc., at (240) 386-5386.