NASD Notice to Members 06-20 - April 2006

NASD Implements Changes to the Regulation Filing Applications System; Effective Date: July 3, 2006

Executive Summary

NASD is issuing this Notice to inform members of changes to the Regulation Filing Applications system, a Web-based system used by members to report, among other things, their monthly short interest positions to NASD. Specifically, NASD is modifying the Regulation Filing Applications system for reporting short interest positions to: (1) reject member submissions of short interest reports for the current reporting month that are submitted prior to the designated settlement date; (2) require that members append an exchange or market code for each issue symbol and short interest position reported; and (3) implement a validation process for all short interest reports to ensure that all exchange/market codes and issue symbols are valid and reject member reports that fail such validation. NASD will make the Regulation Filing Applications test site available with these changes as of June 1, 2006. The changes to the Regulation Filing Applications system are effective July 3, 2006.

 

Questions concerning this Notice may be directed to the Legal Section, Market Regulation, at (240) 386-5126; Office of General Counsel, Regulatory Policy and Oversight, at (202) 728-8071; or Jocelyn Mello, NASD Market Regulation, at (240) 386-5091.