NASD Notice to Members 03-41 - July 2003

NASD Has Amended Section 4(b) of Schedule A to the NASD By-Laws to Increase and Establish New Fingerprint Processing Fees; Implementation Date: July 15, 2003

Executive Summary

This Notice supersedes NASD Notice to Members 03-39. NASD is issuing this Notice to notify members that NASD has increased the fee charged for processing each set of fingerprints submitted by a member to NASD from $10.00 to $13.00; and (2) established a $13.00 fee to be charged by NASD to members that submit to NASD for posting to Web CRD fingerprint results and identifying information that have been processed through another self-regulatory organization (SRO).

 

NASD has also made a technical change to Section (4)(b)(4) of Section A to the NASD By-Laws to substitute the term "set of fingerprints" for "fingerprint cards."

 

The rule change was filed with the Securities and Exchange Commission (SEC) on July 9, 2003.1 Pursuant to Section 19(b)(3)(A) of the Securities Exchange Act of 1934 (Exchange Act) and SEC Rule 19b-4(f)(2) thereunder, the rule change became immediately effective upon filing. NASD will implement the rule change on July 15, 2003.

 

Included with this Notice is Attachment A, the text of amended Section 4(b)(4) of Schedule A to the NASD By-Laws.

 

Questions concerning this Notice may be directed to NASD's Gateway Call Center at (301) 590-6500.