Notice to Members 02-09
NASD Seeks Member Comment on Proposed Changes to NASD's Regulatory Fee
The National Association of Securities Dealers, Inc. (NASD®) is issuing this Notice to Members to solicit comments from members on proposed changes to NASD's regulatory fee. This transaction-based fee, authorized by Section 8 of Schedule A of NASD By-Laws (Section 8), is a significant source of revenue for NASD to fund its regulatory programs. The structure of the fee has not changed since 1983. To account for changes in the markets (including Nasdaq® exchange registration), maintain the scope of the fee, and keep the revenue stream stable, NASD is proposing to amend the definition of the scope of transactions subject to the fee and to enhance its process for receiving the data required to assess the fee accurately.
Questions regarding this Notice should be directed to: Department of Finance, at (240) 386-5397 or the Office of General Counsel, at (202) 728-8071.