NASD Notice to Members 04-04 - January 2004

SEC Announces Immediate Effectiveness of Amendments to Section 5 of Schedule A to the NASD By-Laws

Executive Summary

The Securities and Exchange Commission (SEC) has announced the immediate effectiveness of amendments to Section 5 of Schedule A to the NASD By-Laws (Section 5) to (1) clarify that two or more members that are under substantially the same ownership or control, commonly referred to as a “simultaneous filing group” or “SFG,” may eliminate certain duplicate fees and assessments; and (2) remind members that they must provide NASD with information as requested by NASD and in the format specified by NASD to become eligible for such reduced fees.

 

Questions concerning this Notice may be directed to Stefanie M. Watkins, Staff Attorney, Registration and Disclosure, NASD, at (240) 386-4824.