Proposed Rule Change to Allow NASD Members to Use the NASD/Nasdaq Trade Reporting Facility to Process Transaction Fees Charged by One Member to Another Member

NASD is filing with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to (1) amend NASD Rule 6130 (Trade Report Input) to allow NASD members to use the NASD/Nasdaq Trade Reporting Facility (the "NASD/Nasdaq TRF") to process transaction fees charged by one member to another member on trades in NMS stocks, as defined in Rule 600(b)(47) of Regulation NMS under the Act, effected otherwise than on an exchange; and (2) repeal NASD Interpretive Material (IM)-2230 ("Third Market" Confirmations) to ensure the efficacy of the transaction fee transfer mechanism proposed in this rule change.

TitleFormat - SizeStatus
Text of Proposed Rule ChangePDF - 77.77 KB
Notice of Filing and Immediate EffectivenessPDF - 65.89 KB