SR-NASD-2002-038

Replacement of Arbitrator Under Rule 10313 Upon Disqualification or Other Disability of an Arbitrator

The NASD, through its wholly owned subsidiary, NASD Dispute Resolution, Inc., has filed with the SEC proposed rule change to the NASD Code of Arbitration Procedure to amend the procedure followed upon the disqualification or other disability of an arbitrator on a three-person arbitration panel.