Notice to Members 99-70

NASD Regulation Announces New Web-Based FOCUS Filing System-to be Available for September 1999 Filings

NASD Regulation, Inc. (NASD Regulation®) is announcing the replacement of the current PC FOCUSSM application with a Web-based, Internet version. Web- based FOCUS will be available to members for the September 1999 FOCUS filing.

Questions concerning this Notice may be directed to Elizabeth Wollin, Member Regulation, NASD Regulation, at (301) 590-6743.