NASD Notice to Members 06-70 - December 2006

SEC Approves Amendments Expanding the OATS Requirements to OTC Equity Securities and NASD Publishes Revised OATS Reporting Technical Specifications; Effective Date: June 11, 2007

Executive Summary

On October 10, 2006, the Securities and Exchange Commission (SEC) approved amendments to NASD Rules 6951, 6952, and 6955 to expand the OATS reporting requirements to over-the-counter (OTC) equity securities.1 NASD is publishing this Notice to explain those amendments and inform members that a new version of the OATS Reporting Technical Specifications (Technical Specifications) also is being published to reflect these amendments and other technical changes described herein. The Technical Specifications can be found on NASD's Web site at Regulatory Systems > OATS > Technical Specifications. The effective date of the amendments and the changes to the Technical Specifications is June 11, 2007.

Questions concerning this Notice may be directed to the Legal Section, Market Regulation, at (240) 386-5126 or to the Office of General Counsel at (202) 728-8071.


1 Exchange Act Rel. No. 54585 (Oct. 10, 2006), 71 FR 61112 (Oct. 17, 2006) (SR-NASD-2005-101).


The effective date has been extended to February 4, 2008.