SR-NASD-2002-048

Revisions to Series 27 Examination Program

NASD has filed with the SEC revisions to the examination specifications and study outline for the Limited Principal—Financial and Operations (Series 27) examination program. The proposed revisions update the material to reflect changes to the laws, rules, and regulations covered by the examination and to reflect more accurately the duties and responsibilities of a Series 27 principal. Additionally, the proposed revisions change the format of the Series 27 examination.