Notice to Members 01-14

SEC Approves Revision to Membership and Registration Rule 1120-Continuing Education Requirements-Permitting In-Firm Delivery

On December 11, 2000, the Securities and Exchange Commission (SEC) approved a revision to NASD® Membership and Registration Rule 1120, Continuing Education Requirements. Effective March 11, 2001, Rule 1120 permits a member firm to deliver the Regulatory Element computer-based training to registered persons on firm premises—also called "In-Firm Delivery"—as an option to having persons take the training at a Sylvan/Prometric Technology Center.

Questions concerning this Notice may be directed to John Linnehan, Director, Continuing Education, NASD Regulation, Inc. (NASDR) at (240) 386-4684, or Heather Bevans, NASDR Continuing Education Communications Coordinator, at (240) 386-4685