SR-NASD-2005-130

Proposed Amendments to NASD Rule 6210(a), the Definition of "TRACE-eligible security," and NASD Rule 6260, the TRACE Notification Provision

NASD has filed with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to amend:  (1 ) NASD Rule 6210(a), the definition of "TRACE-eligible security," by (A) deleting the requirement that a debt security be registered under the Securities Act of 1933 ("Securities Act"), thus including debt securities that are freely tradable without Securities Act registration in the secondary market, (B) deleting the requirement that a debt security be issued pursuant to Section 4(2) of the Securities Act,  thus including any debt security that is the subject of a secondary market transaction effected pursuant to Rule 144A under the Securities Act,  (C) deleting the requirement that a debt security be "Investment Grade" or "Non-Investment Grade," and (D) clarifying the term, "asset-backed security," that is used in the definition; and (2) NASD Rule 6260 by expanding the obligation of members to provide notification of TRACE-eligible securities to NASD.

 

This rule filing was withdrawn.