Notice to Members 05-11

NASD Issues Further Guidance Regarding Members' Obligations under Section 3 of Schedule A to the NASD By-Laws; NASD Also Seeks Member Comment on Related Automation Issues

Comment Period Expired March 30, 2005

In August 2004, NASD issued Notice to Members (NtM) 04-63 (Transaction Fees: New SEC Procedures Relating to Section 31 of the Securities Exchange Act of 1934) informing member firms of the new Securities and Exchange Commission (SEC) procedures governing the calculation, payment, and collection of fees and assessments on securities transactions owed by national securities exchanges and associations to the SEC pursuant to Section 31 of the Securities Exchange Act of 1934 (Exchange Act). NtM 04-63 also discussed the obligations of member firms under Section 3 of Schedule A to the NASD By-Laws in light of the new SEC procedures.

NASD staff is providing further guidance regarding these obligations in this NtM.  In addition, an updated Self-Reporting Form is included in this NtM as Attachment A.

Questions concerning this NtM may be directed to NASD Finance, at (240) 386-5397;and the Office of General Counsel, Regulatory Policy and Oversight, at (202) 728-8071.

Related Documents: 

DateTitleFormat - Size
3/27/2015Notice to Members 05-11 - Self-Reporting FormPDF - 40.46 KB
The views, expressions, findings and opinions expressed in the comments on this Web page are solely those of the author(s) and FINRA accepts no responsibility for the content of the comments: 
DateCommenterFormat - Size
2/16/2005Chris CharlesPDF - 32.69 KB