SR-NASD-1998-007

Amendment to Rule 10314 to Extend the Time to Answer Arbitration Complaints

NASDR has filed with the SEC a proposed rule change to amend Rule 10314 of the Code of Arbitration Procedure of the National Association of Securities Dealers, Inc. to extend the time to answer an arbitration claim from 20 business days to 45 calendar days and to eliminate extensions of time to answer except in extraordinary circumstances.