NASD Notice to Members 06-14 - April 2006

SEC Approves Amendments to the Short Interest Reporting Requirements; Effective Date: July 3, 2006

Executive Summary

On February 3, 2006, the Securities and Exchange Commission (SEC) approved amendments to Rule 3360 relating to the short interest reporting requirements.1 The amendments expand the short interest reporting requirements to over-the-counter (OTC) equity securities. The short interest reporting requirements, as amended, are set forth in Attachment A of this Notice. The amended short interest reporting requirements become effective on July 3, 2006.

 

Questions regarding this Notice 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.

 

1 See Securities Exchange Act Release No. 53224 (February 3, 2006), 71 FR 7101 (February 10,2006) (File No. SR-NASD-2005-112).