Notice to Members 99-76

Update on OTC Bulletin Board Eligibility Rule

In Notice to Members 99-15, the National Association of Securities Dealers, Inc. (NASD®) described amendments to NASD Rules 6530 and 6540 to limit quotations on the OTC Bulletin Board® (OTCBB) to the securities of companies that report their current financial information to the Securities and Exchange Commission (SEC), banking, or insurance regulators. In Notice to Members 99-43, the NASD published the effective date schedule for the implementation of the new rules. This Notice to Members explains revised procedures that the NASD will follow in implementing the effective date schedule.

Questions regarding this Notice should be directed to Liz Heese, Product Manager, Trading and Market Services, The Nasdaq Stock Market, Inc., at (202) 728-8191; or Tim Larkin, OTCBB Compliance Manager, Listing Qualifications, The Nasdaq Stock Market®, at (202) 496-2631 before September 1, 1999, or (301) 978-8093 thereafter.