SR-NASD-1999-063

Amendments to Rule 2260 Governing Giving of Proxies by Members Absent Written Instructions from Beneficial Owners

The NASD, through its wholly owned subsidiary, NASD Regulation, Inc., has filed a proposed rule change to amend NASD Rule 2260 to conform to Rules 451 and 452 of the New York Stock Exchange and Rules 576 and 577 of the American Stock Exchange by permitting members to give proxies in absence of written instructions from beneficial owners in certain circumstances.