NASD Notice to Members 04-48 - June 2004

SEC Approves Amendments to Rule 6954 Requiring Members to Record and Report Execution Price and Firm Capacity in OATS Execution Reports; Effective Date: October 4, 2004

Executive Summary

On April 29, 2004, the Securities and Exchange Commission (SEC) approved amendments to Rule 6954(d) to require members to record and report execution price and firm capacity as part of their Order Audit Trail System (OATS) Execution Reports.1 Rule 6954(d), as amended, is set forth in Attachment A. The amendments become effective on October 4, 2004.

 

Questions regarding this Notice to Members may be directed to the Legal Section, Market Regulation, at 240-386-5126, or Office of General Counsel, Regulatory Policy and Oversight, at 202-728-8071. For technical questions regarding OATS Reporting, please contact the OATS Help Desk at 800- 321-NASD.