Notice to Members 00-37
NAC Issues Decision on MSRB Rule G-37 Exemptive Relief
NASD Regulation, Inc. (NASD RegulationSM) is publishing a National Adjudicatory Council (NAC) decision in which the NAC denied an appeal from a firm requesting exemptive relief under Municipal Securities Rulemaking Board (MSRB) Rule G-37(i). The purpose of this Notice is to provide members with additional guidance about the scope and the limitations of exemptive relief available under MSRB Rule G-37(i).
Questions regarding this Notice may be directed to Malcolm Northam, Director, Fixed Income Securities, Department of Member Regulation, NASD Regulation, at (202) 728-8085; or Sharon Zackula, Assistant General Counsel, Office of General Counsel, NASD Regulation, at (202) 728-8985.