NASD Notice to Members 00-35 - June 2000

NASD Regulation Reminds Firms of CRD Continuing Education Notification Method and Informs Firms to Review Written Supervisory Procedures

Executive Summary

National Association of Securities Dealers, Inc. (NASD®) firms are reminded that the Web Central Registration Depository (CRDSM) system no longer sends hard-copy Continuing Education (CE) Advisory Messages, or "yellow sheets," to advise firms of their registered representatives’ Regulatory Element requirements. Instead, firms must access and view the continuing education information in their Firm Queues on Web CRD. Web CRD also makes available supplemental CE reports to assist firms in identifying and tracking their registered representatives. As a result of these changes, firms should review their written supervisory procedures as they relate to the manner in which firm staff identifies, notifies, and tracks their registered representatives who are required to satisfy the Regulatory Element and to revise the procedures if necessary.


Questions concerning this Notice may be directed to John Linnehan, Director, Continuing Education, NASD Regulation, Inc., (NASD RegulationSM) at (301) 208-2932. Questions about Firm Queues should be directed to the Gateway Call Center at (301) 869-6699; or Heather Bevans, Continuing Education, NASD Regulation, at (301) 590-6011.