NASD Notice to Members 06-44 - August 2006

Exemption for Registered NASDAQ Market Makers Acting in the Capacity of Exchange Market Maker

Executive Summary

NASD is issuing this Notice to supersede NASD Notice to Members (NTM) 06-37 and replace the guidance provided in that Notice relating to the application of the Trading Activity Fee (TAF) to members acting in the capacity of an exchange specialist or market maker. Accordingly, this Notice repeats pertinent information from NTM 06-37. However, it also provides additional guidance and clarification not included in NTM 06-37.

 

Questions concerning this Notice should be directed to the Office of General Counsel, Regulatory Policy and Oversight, at (202) 728-8071, or NASD Finance at (240) 386-5397.

 

This Notice supersedes Notice to Members 06-37.