Notice to Members 04-61

SEC Approves Amendments to Rule 10308 Regarding the Time for Chairperson Selection

Effective Date: September 17, 2004

The Securities and Exchange Commission has approved amendments to Rule 10308 of the NASD Code of Arbitration Procedure to reduce the time allotted for the selection of a chairperson in an arbitration proceeding.

Questions regarding this Notice may be directed to Richard Berry, Associate Vice President and Director of Case Administration, at (212) 858-4307 or via e-mail; or John D. Nachmann, Counsel, NASD Dispute Resolution, at (202) 728-8273 or via e-mail.