Notice to Members 03-15

NASD Adopts Amendments to IM-2260 Regarding Rates of Reimbursement for Expenses Incurred in Forwarding Proxy and Other Material

Effective Immediately

NASD has adopted amendments to IM-2260 regarding rates of reimbursement for expenses incurred in forwarding proxy materials, annual reports, information statements, and other materials. The amendments establish approved rates of reimbursement that conform to proxy reimbursement rates already adopted by the New York Stock Exchange (NYSE) and the American Stock Exchange (Amex) and approved by the Securities and Exchange Commission (SEC). The amendments became effective immediately upon filing with the SEC on February 12, 2003.

Questions concerning this Notice may be directed to Shirley H. Weiss, Associate General Counsel, Office of General Counsel, NASD Regulatory Policy and Oversight, at (202) 728-8844.