NASD Notice to Members 00-53 - August 2000 

NASD Adopts Exemption From the Corporate Financing Rule for Interval Funds; Effective June 20, 2000

Executive Summary

NASD Regulation, Inc. (NASD RegulationSM) has adopted amendments to National Association of Securities Dealers, Inc. (NASD®) Rules 2710 and 2830 to exempt certain closed-end mutual funds that are structured as "interval funds" from the filing requirements, filing fees, and regulations of Rule 2710 and instead to subject them to the Rule 2830, which regulates the distribution and sales charges of open-end funds.


Questions concerning this Notice to Members may be directed to Joseph E. Price, Director, Corporate Financing Department, NASD Regulation, at (240) 386-4623.