CRD Disclosure Conversion

Executive Summary

The Central Registration Depository (CRD^SM), a computerized database containing information on all licensed registered representatives and broker/dealers, is undergoing a technological upgrade. As part of this project, the NASD has converted disclosure information from its current state (free text) into a new format (Windows-based, with discrete fields and pick lists). This Notice explains the disclosure conversion process, alerts members to the disclosure roster mailings that will begin shortly, and covers the procedures members should follow in reviewing these disclosure rosters. Because the converted disclosure data will form the basis of information released to the public pursuant to the NASD Regulation Public Disclosure Program, members are urged to review this data at their earliest opportunity.

Questions about this Notice may be directed to the NASD Regulation Disclosure Conversion Team at (703) 227-2700.